The WTO’s Requirements on Insurance Service: The Challenges For China’s Insurance Regulations (2005)
Ref: law0004 19,000 words 80 pages Excellent use of literature Outstanding piece of work The insurance industry in China has been undergoing substantial change in recent years especially after China entered the WTO in December 2001. Since the insurance industry is a highly regulation-based industry, the opening of China’s insurance market to comply with the principles of General Agreements on Trade in Services (GATS) has lead to a need to establish a set of regulations in order to better regulate the insurance industry. It is currently very common for countries to adopt similar insurance regulations which are focused on solvency control. This approach might be useful for China especially for the revision of its insurance regulations. The objective of this dissertation, thereby, aims to make some recommendation for the reform of China’s Insurance regulations based on the comparative and theoretical analysis. Chapter One: Retrospective Study of China Insurance Market 1. China’s Insurance Industry Before 1949 2. China’s Insurance Industry After 1949 Chapter Two: The General Agreement on Trade in Services (GATS) and China Commitment on Insurance Service Upon Acceding to the WTO 1. Overview of GATS 2. Definition and Scope of Insurance Services 3. General Obligations and Specific Commitments on Insurance Services 4. The Annexes on Financial Services and the Understanding 5. China’s Specific Commitments on Insurance Services 6. WTO’s Challenges to China’s Insurance Industry Chapter Three: Regulatory Regime of China Insurance Service 1. Overview of China’s Insurance Act (1995) 2. Regulations Governing Domestic Insurers 3. Special Regulations Governing Foreign Insurers 4. Problems with the Current Insurance Regulatory Regime Chapter Four: Comparative Study 1. Insurance Regulations in Canada 2. Insurance Regulations in OECD Member Countries 3. Insurance Regulations in Asian Economies Chapter Five: Proposals for Reforming China’s Insurance Regulatory Regime 1. Theoretical discussion of Insurance Regulation 2. Some Principles in Establishing China’s Insurance Regulatory Regime 3. Reforming the Content of China’s Regulations for Insurance 4. Proposals for China’s Insurance Regulatory Institute 
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