Study On The Legal System Of Insurance Rate Supervision

Insurance rate supervision is an important part in insurance supervision. On premium rate regulation, the first question we should face with is why the premium rate regulation should be regulated. The Public Interest Theory constitutes the theoretical foundation of premium rate regulation. From the practice of insurance rate regulation at home and abroad, the mind of Premium rate regulation is to prevent vicious competition which is a Phenomenon of market failure, to safeguard the security of the insurance business. Thus, the public interest theory on Premium rate regulation matches with the practice of insurance rate regulation. However, as world economic integration, financial globalization, liberalization trend in the increase; China access to the WTO, and operate according to the international insurance practice to meet the requirements of international standard; the marketization of interest rates made a solid pace, the bank interest rates benchmark settled by the premium rate loosed; China's market economic system reform made remarkable achievements, each important market have been marketed which constitute the external environment for perfect Chinese supervision of premium rate. The United States, Britain, Germany and Japan provide experiences and lessons of Premium rate regulation legal system reform for China's reform in the legal system of premium rate regulation. By drawing on the useful experience of foreign countries, our country should strengthen the corresponding legal system building to meet China's premium rate supervision reform, and pay attention to preventing the associated risks that other countries have experienced. It makes for the smooth implementation of china's premium rate supervision legal system reform.This paper consists of four parts. I will start with the General analysis of premium rate regulation legal system, then turn to research the practices and legislation of the premium rate supervision reform which is from the developed countries, United States, Britain, Germany and Japan, who is representative in premium rate supervision legal system, and then on the basis of the inspection and analysis of the foreign premium rate supervision system, combining with China's evolution in the legal model of the premium rate supervision, I will analyze and review China's status and legislation of the premium rate supervision, then discuss how to reform and improve on our country's premium rate supervision legal system.