Insurance has a great effect on national society and economy. In order to prevent foreign capital from impacting and penetrating excessively on the native insurance, the safety and stabilization of native insurance, the vast majority of countries have strengthened the supervision on market access foreign insurance in the world.
Perfecting insurance law system of the State and establishing modern insurance system has been a matter which brooks no delay when facing drastic competition of international insurance market, while establishing and perfecting insurance assessor system of the state is obviously one of an important aspects.
We shall establish the relevant system and mechanism, such as internal control system, supervision guarantee system, take-over mechanism, deposit insurance mechanism, information disclosure mechanism, etc.
Along with the deep-going reform of the economic system,the administration andlegislation for insurance undertaking are taking on more and more importance.Thisessay is an inital study of format and main content of insurance legislation based on thepractical situation in China.
Studies the obligation of disclosure of the assured in marine insurance in three parts, namely the deadline for the performance of the obligation of disclosure, the essentials, and result of breach of the obligation on the part of the assured.
Combined with our country's insurance law and the overseas relative legislation development, this paper probes into the disclosure and notification systems in detail. The duty of discloure and the duty of notification of policy-holders are two different law systems which having connections as well as differences in insurance.