What are the bankrupt insurance companies?

1. Eastern Life Insurance Company 200 1 declared bankruptcy. 2. Established in 2005, Guo Xin Life was disqualified and declared bankrupt in just four or five months. Anbang Insurance Company filed for bankruptcy in September 2002. When an insurance company faces bankruptcy due to poor management, it will not be like our ordinary company. Does not mean that the insured policy will be invalid. As long as the insurance contract signed in accordance with the formal procedures has legal effect, even if the insurance company declares bankruptcy, the banking supervisor will choose a competent insurance company for supervision. When an insurance company faces bankruptcy, it will be taken over by a competent company. Moreover, when the insurance company is established, there will be a deposit as a deposit to make up for the lack of funds. If the company goes bankrupt, the money will be used to compensate customers for their losses and various expenses. Therefore, even if the company faces bankruptcy, our policy will not be greatly affected.