Declare bankruptcy, be supervised by the CIRC, and then reorganize the funds and hand them over to the new insurance company. So accurately speaking, the insurance company will not close down, but merge and reorganize, and our policy will continue to be underwritten by the new insurance company.
Of course, if no one wants to come out and take over this stall, the CIRC will appoint an insurance company to merge. After the merger, the customer policy of the original insurance company is still valid.
In other words, buy insurance with confidence. After we buy insurance, we don't have to worry about our money and meat buns beating dogs day and night. Because someone will always stand up and take risks for us.
Only when there is a problem in solvency and the insurance company cannot raise funds by selling insurance will it supplement its cash flow by issuing a large number of bonds.
On July 4th, Anbang Group announced that it would sell all the shares of Harmony Health Insurance, but it may be taken over by Fu Jia Group Co., Ltd., Nanjing Yangzi State-owned Investment Group Co., Ltd., Zhuhai Dahengqin Investment Co., Ltd., Jinke Real Estate Group Co., Ltd. and Liang Yun Group Co., Ltd., all of which will take over, so its Bumblebee Children's Critical Illness Insurance and Huixin 'an Children's Critical Illness Insurance will also be taken over by new insurance companies and friends who bought them. Therefore, if the insurance company will go bankrupt, it is also a debt to meet the requirements of insurance contract payment and settlement.