The Chinese legal system and the Insurance Law

This chapter presents an overview of the Chinese legal system and the legislative and judicial sources of insurance law. It discusses the legal framework governing insurance activities and the insurance market, which includes the Insurance Law, the Interpretations of the Supreme People&s;s Court on Certain Issues Concerning the Application of the Insurance Law, the relevant regulations of the State Council, and the regulation enacted by the Insurance Supervision and Regulation Authority of the State Council. This chapter describes the legal background under which the Insurance Law was enacted and has been amended and interpreted.