1. In order to strengthen the supervision and management of insurance companies, maintain the normal order of the insurance market, protect the legitimate rights and interests of the insured and promote the healthy development of the insurance industry, these Provisions are formulated in accordance with the Insurance Law of People's Republic of China (PRC) (hereinafter referred to as the Insurance Law), the Company Law of People's Republic of China (PRC) (hereinafter referred to as the Company Law) and other laws and administrative regulations.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.