1. Under normal circumstances, insurance companies will not go bankrupt! 2. Insurance companies operating insurance business in China, whether foreign or Chinese, must abide by the relevant laws of China. According to the Insurance Law, an insurance company engaged in life insurance business shall not be dissolved except for division or merger. Even if it is not well managed, the CIRC will designate other insurance companies to accept the business of this insurance company, and the original interests of customers will not be harmed.
Legal objectivity:
Article 89 of the Insurance Law of People's Republic of China (PRC), an insurance company needs to be dissolved due to division or merger, or the shareholders' meeting or the shareholders' meeting decides to dissolve, or the reasons for dissolution stipulated in the articles of association arise, and it is dissolved after being approved by the insurance regulatory authority of the State Council. An insurance company engaged in life insurance business shall not be dissolved except for division, merger or cancellation according to law. When an insurance company is dissolved, a liquidation group shall be established according to law for liquidation. Article 90 of the Insurance Law of People's Republic of China (PRC) If an insurance company falls under the circumstances stipulated in Article 2 of the Enterprise Bankruptcy Law of the People's Republic of China, with the consent of the insurance regulatory agency of the State Council, the insurance company or its creditors may apply to the people's court for reorganization, reconciliation or bankruptcy liquidation according to law; The State Council insurance supervision and administration institution may also apply to the people's court for reorganization or bankruptcy liquidation of the insurance company according to law.