According to the relevant provisions of China's Insurance Law, when an insurance company is unable to continue its business due to poor management, it will be declared bankrupt by the people's court according to law with the consent of the insurance regulatory agency. However, due to the strict examination and screening of insurance companies when they are established, as well as the supervision and insurance law of the China Banking Regulatory Commission during the operation, the possibility of bankruptcy is relatively small. Even if the insurance company goes bankrupt, the policy interests of consumers will be well protected by law. After bankruptcy, the insurance company will be liquidated, and its creditor-debtor relationship will not change due to the takeover, and the guaranteed interests promised in the policy will not change. In addition, the CBRC will send specialized agencies or designate other insurance companies to take over the failed insurance companies to ensure that the insured policies will not become invalid.