Xiao Nuo answer:
Hello!
Article 98 of the Insurance Law stipulates: "An insurance company shall have a minimum solvency commensurate with its business scale. The difference between the actual assets and the actual liabilities of an insurance company shall not be less than the amount stipulated by the insurance regulatory agency. If it is less than the prescribed amount, it shall increase capital to make up the difference. "
Only with sufficient solvency can we ensure that when an insurance accident occurs, we have enough funds to pay insurance money to the insured or beneficiary, and ensure the stable operation of the insurance company, so that the various security interests of the insured and the insured can be realistically realized. Therefore, when choosing an insurance company, it is very necessary to know the solvency of the company. The solvency of an insurance company is closely related to its capital and business scale. The solvency of insurance companies can be found on the official websites of CIRC and insurance companies. For listed insurance companies, they can also obtain relevant information through their annual reports and other media. When a group unit applies for insurance, it may require the insurance company to provide a solvency statement in the tender, or it may require the insurance company to explain the solvency of the company in the insurance plan.