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CHAPTER 1 Introduction to insurance regulation and the insurance industry

Regulation of Insurance in China,The


Page 1

CHAPTER 1

Introduction to insurance regulation and the insurance industry

1.1 Introduction

A sound insurance regulatory system is necessary for maintaining a fair, safe, and stable insurance industry for protecting the rigyyyhts and interests of insurance consumers, preventing and mitigating market risks, and promoting the sustainable and healthy development of the insurance industry. Such a regulatory system ultimately contributes to the stability of the financial system of the country and the stability of the society as a whole.

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