Why did the insurance company dissolve?

According to the relevant provisions of the Insurance Law, an insurance company engaged in life insurance business shall not be dissolved except for division, merger and cancellation according to law. According to the provisions of the Insurance Law, under normal circumstances, an insurance company needs to be dissolved due to division or merger, or the shareholders' meeting or the shareholders' meeting decides to dissolve, or the articles of association stipulate that there are reasons for dissolution, and it can only be dissolved after it is approved by the insurance regulatory authority of the State Council.

I. Legal provisions

Article 88 of the Insurance Law of People's Republic of China (PRC) stipulates that if an insurance company engaged in life insurance business is revoked or declared bankrupt according to law, its life insurance contract and reserve must be transferred to other insurance companies engaged in life insurance business; If the transfer agreement cannot be reached with other insurance companies, the insurance supervision and administration institution shall designate an insurance company that engages in life insurance business to accept it. Where the personal insurance contracts and reserves specified in the preceding paragraph are transferred or accepted by insurance supervision and administration institutions, the legitimate rights and interests of the insured and beneficiaries shall be safeguarded.

1. Buying insurance is just saving money in another place.

Insurance companies are specialized banks, which are places to really "save money"; And ordinary banks are just places to put money. Buying insurance means buying multiples, which virtually enlarges your assets.

In fact, buying insurance is just putting a little money in your left pocket in your right pocket. Just to save money elsewhere. Anyway, it's still your money. Once there is a risk, there is protection.

No matter how rich you are, a serious illness may take away all your savings; An accident may leave you with nothing. It is difficult to go from poor to rich, but it may be the moment from rich to poor!

What insurance can do, no financial product can do.

Insurance can achieve protection that no financial product can achieve. In fact, insurance is to make up for the unclear big losses with a clear small investment. Insurance money can immediately play the role of working capital, emergency fund and other living expenses when encountering major changes of sick and disabled doctors.