The Insurance Guarantee Fund Raising System Research

Regarding as the last safety net for the policy holder, the system of insurance guaranty fund has already become the realistic and logical choice for the healthy development of insurance market in China. The system of insurance guaranty fund has been undergoing obvious evolvement and now comes to the stage of corporate governance since it was legislated to implement in 1995. Whereas the system of insurance guaranty fund itself do have defects, which will cause series of problems such as moral hazard. The raising process of the fund is the bottom of these defects, and moreover the crucial section of defining the level of defects. This paper is aiming at teasing the structure system of the system of insurance guaranty fund in China on the one hand, and also making suggestions for overcoming the inherent defects of the system of insurance guaranty fund in the raising section by analyzing the raising system on the other hand.Firstly, this paper analyze the characteristic and working priorities of the financing system of insurance guaranty fund currently based on the background that the system has been undergoing obvious evolvement. Secondly, follow the method of who to raise, whom to be raised, when to raise, scale of guaranty fund, the way of the tax levy, this paper tries to clarify the line of the financing system of insurance guaranty fund. Finally, analyze the financing arrangement under the emergency of lack of fund size.This paper maintains following opinions:Firstly, the government should establish a multi-level system of financing channel, design the urgent financing system under emergency of lack of fund size based on the system of pre-assessment, help those urgent raised capital quit reasonably based on the system of post-assessment. Secondly, practice risk rates system based on the result of insurance companies'risk rating which evaluated by CIRC in order to reduce the moral hazard. Thirdly, make clear the property right of the insurance guarantee gund, suggest that the property to be held by China insurance security fund company. Finally, accelerate the development of the financing system of insurance guaranty fund.