Chinese Insurance Contracts: Law and Practice
| Chinese Insurance Contracts: Law and Practice, 2nd edition (c) 2026 |
Page 45
CHAPTER 3
The regulation of insurance
3.1 Introduction
A sound regulatory and supervisory system is necessary for maintaining a fair, safe, and stable insurance industry for protecting the rights and interests of insurance consumers, preventing and mitigating market risks, and promoting the sustainable and healthy development of the insurance industry, ultimately contributing to the stability of the financial system of the country.