The dissolution of an insurance company refers to the act that an insurance company established according to law terminates its business and stops engaging in insurance business with the approval of the competent department due to legal reasons or legal reasons. According to the relevant provisions of Chapter VII "Merger and Separation of Companies" of China's Company Law, all kinds of companies, including insurance companies, can be merged or separated by a resolution of the shareholders' meeting. The form of company merger can take two specific forms: absorption merger and new merger. When the company absorbs other companies for merger, the absorbed company is dissolved and no longer exists. The merger of two or more companies to form a new company is a new merger, and the parties to the merger are dissolved, resulting in a new legal entity. There are also two forms of division: the original company divides all its property into more than two companies, which is a new division, and the original company as a legal person is dissolved, resulting in more than two new legal persons. If the original company divides part of the property and establishes more than one new business entity, it constitutes a derivative division. In this case, the original company continued to exist, but the registered capital was reduced. At the time of merger, the legal person qualification of the insurance company of the absorbed party is eliminated and the company is dissolved; When a new merger is established, all the assets of the insurance companies of all parties are merged into the new insurance company, and the legal person qualifications of the original insurance companies of all parties are correspondingly eliminated and dissolved. When an insurance company is divided, the original insurance company is divided into two or more new companies under the new division. Therefore, if its legal person qualification is lost, it should also be dissolved. The dissolution of an insurance company shall be approved by the insurance regulatory agency. If an insurance company is approved to be dissolved, a liquidation group shall be established according to law for liquidation. Where there are no special provisions for the establishment of the liquidation group in this Law, the provisions of the Company Law shall apply. Where an insurance company is dissolved, a liquidation group shall be established within fifteen days; Where a wholly state-owned insurance company is dissolved, the institution or department authorized by the state to invest shall designate a special person to set up a liquidation group; Where a joint-stock limited insurance company is dissolved, the general meeting of shareholders shall determine the candidates for the establishment of the liquidation group; If the liquidation group cannot be established within the time limit, the creditors may apply to the people's court to appoint relevant personnel to form a liquidation group for liquidation. The liquidation group established according to law is responsible for clearing the creditor's rights and debts of the dissolved insurance company. The liquidation group shall exercise its statutory functions and powers during the liquidation of the insurance company. If an insurance company engaged in life insurance business is dissolved due to division or merger, the life insurance contract will not be affected by the dissolution of the insurance company, and the separated insurance company or the merged insurance company will undertake a valid life insurance contract; Life insurance contracts and reserves are accepted by separate insurance companies according to agreements, or by merged insurance companies. Therefore, there is no restriction on the dissolution of insurance companies operating life insurance business in the form of division or merger. An insurance company engaged in life insurance business shall not be dissolved except for division or merger.