– Improving the Management and Operation Mechanism of Insurance Security Fund 

Through international comparison, this project borrows foreign successful cases, and reviews the risk resolution experience of the Chinese insurance security fund. On this basis, this project reviews the legal framework of the market exit mechanism for insurance companies as well as basic system and operating mechanism of the domestic and foreign insurance security funds for the participation in risk resolution, and raises policy suggestions relating to concrete procedures, standards and operation mechanism for the insurance security fund. 

Major achievements of this research include: First, explore the basic legal framework for the market exit of Chinese insurance companies, dig out the problems of the current market exit mechanism in depth, and preliminarily design the legal system for market exit of insurance companies and the insurance security fund’s participation in risk resolution of the insurance industry. Second, review the evolution of management and operation practices of the Chinese insurance security fund, sum up the practical experience and problems of the fund's participation in risk resolution of the insurance industry so far, and provide guiding opinions for the fund to participate in the risk resolution in future. Third, study the management and operation mechanism of the insurance security funds in different countries and regions, compare the insurance security fund system and practical operation of bankruptcy cases in different countries, and provide a reference for the formulation of laws, regulations and implementation procedures governing the insurance fund’s participation in risk resolution. Fourth, study and explore practical problems relating to the insurance security fund’s participation in risk resolution, design the remedy implementation procedure, and give preliminary opinions on compensation limit, scope and assistance object of CISF.