China Life Insurance Interests Of The Principle Of The Applicability Of Research

Insurable Interest is a terminology originating from Common Law. It has been studied for long time and presently formed mature theories in Common Law. In our country, modern insurance develops relatively late. Insurance theory field has involved some Insurable Interest, however, emphasizing on Insurable Interest of Property Insurance. There are still a lot of issues on Insurable Interest study of Life Insurance so far. In the near future Insurance Law will be amended, so, recently many scholars suggest the restraints imposed by Insurable Interest on the contractors in Life Insurance contract be forbidden and the rules involved be replaced by Consent of Insured Rule adopted by Civil Law.In this article, through making an analysis and comparison on Insurable Interest Rule and Consent of Insured Rule, against our insurance market and objective surroundings, the writer argues that in our country the Life Insurance institutions should accord to the double rules, say, Consent of Insured Rule and Insurable Interest Rule. By these, the writer wishes to improve our legislation and execution in insurance field and to provide our life insurance market with necessary law support.