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CHAPTER 11 Regulation of solvency

Regulation of Insurance in China,The

Page 532


Regulation of solvency

11.1 Introduction

At the core of modern insurance regulation is the regulation of solvency of an insurance company. To ensure that the insurer meets its obligation of paying insurance proceeds to its insureds is the ultimate purpose of insurance regulation. To this end, the regulatory authority requires an insurer to maintain adequate solvency capability, which is the precondition for the insurer to meet the promise to its insureds.

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