Recently, the news that "3 insurance companies fraudulently carved up financial subsidies of more than 300 million" has been on the hot search.
According to Oriental Fortune Network, on June 25, the official website of the Audit Office published the audit report on the implementation of the central budget and other financial revenues and expenditures in 2023.
The report revealed: In the promotion of the country's first set of first batch of application insurance projects, the central government undertook 80% of the premium subsidies for the insured units according to the regulations, but the investigation found that from 2019 to 2022, the three insurance companies conspired with a number of enterprises to defraud more than 300 million yuan of central financial subsidies through fraud in the insurance claim process or unauthorized expansion of the scope of insurance liability.
Lin Hai, deputy director of the Policy Research Office of the Audit Commission, has made it clear that in the next step, it will increase the follow-up and supervision of the rectification of the problems reflected in the audit work report, and the comprehensive rectification will be announced in accordance with the law before the end of the year.
At present, the specific three insurance companies have not been announced, but it can be expected that the exposure of the Audit Commission is not the end, but the beginning of rectification. Next, it is necessary not only to recover the stolen goods, but also to plug the leaks.
However, for some of our consumers, the most concerned thing at the moment is that if the rectification problem arises from the operation of the insurance company, will it affect their own insurance policies? To put it more bluntly, if the insurance company declares bankruptcy, is your policy still valid?
In fact, there are no cases of insurance company failures in history, whether it will affect the rights and interests of customers, let's reveal the protection mechanism behind it:
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What to do after the insurance company goes bankrupt
In history, there are indeed three major insurance companies in China that have declared bankruptcy, they are Anbang, Guoxin and Oriental Life, and the scale of one of them has even reached 2 trillion.
So, if the insurance company fails, who should protect the policy?
On this issue, we have to talk about the insurance security fund:
The insurance security fund mainly refers to the reserve fund that the insurance institution has specially deposited from the year-end balance in order to have sufficient ability to cope with the huge amount of compensation that may occur.
The relevant regulations require that the insurance company shall, in accordance with the provisions of the Insurance Law, withdraw 0.8% of the company's premium income for the current year as the insurance protection fund. The withdrawal of the fund can be stopped when the withdrawal amount reaches 10% of the total assets of the insurance company.
Moreover, the insurance protection fund shall be withdrawn separately and deposited in a special account with the People's Bank of China or a commercial bank designated by the People's Bank of China. The insurance security fund shall be centrally managed and used in a coordinated manner.
Therefore, it can be made clear that the insurance protection fund is actually the funds deposited by insurance companies to deal with unforeseen catastrophes and catastrophes.
In the event that an insurance company is revoked, declared bankrupt, or in the event that the insurance industry faces a major crisis that may seriously jeopardize the public interest and financial stability, the insurance protection fund will
To put it bluntly, it is a bit similar to bank deposit insurance, where each insurance company first hands over a part of the premium income to the insurance protection fund for unified management, and later if something goes wrong with any insurance company, then the fund will be used to bail out or directly compensate consumers.
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Under what circumstances can I use the Insurance Protection Fund for relief?
1. If the insurance company is revoked or declared bankrupt, and its liquidated assets are insufficient to pay the policy benefits, then the Insurance Protection Fund will provide relief to the policyholders of non-life insurance contracts in accordance with the following rules:
(1) The part of the policyholder's loss within RMB 50,000 shall be fully remedied by the Insurance Protection Fund;
(2) If the policyholder is an individual, the amount of relief from the insurance protection fund shall be 90% of the excess amount for the part of the loss exceeding RMB 50,000; If the policyholder is an institution, the amount of relief from the insurance protection fund shall be 80% of the excess amount for the part of the loss exceeding RMB 50,000.
2. If the life insurance company is revoked or declared bankrupt, the life insurance contract held by the company must be transferred to another life insurance company. If the transfer agreement cannot be reached with other life insurance companies, the life insurance company designated by the China Insurance Regulatory Commission shall accept it.
After the bankruptcy of general insurance, the process mainly includes two aspects:
First, in the event of the failure of an insurance company, if another insurance company is willing to take over the company's policies, or to acquire or merge the company, then all the protection of the company will be transferred to the new insurance company according to the normal procedures, so as to ensure that the rights and interests of the customer will not be compromised.
Second, if there are no new insurance companies willing to take them, then the insurance protection fund will "step in" and first identify new companies that can afford these policies, and then transfer these policies to the company's name.
Of course, in the process of seeking a new insurance company, the regulator will also temporarily protect the reserves and insurance contracts paid by residents, so as to effectively protect the legitimate rights and interests of residents.
In short, even if an insurance company goes bankrupt, it does not mean that the consumer's policy rights will be damaged.
But after all, insurance protection is the legitimate rights and interests of the people, so for this field, it is more necessary to have corresponding policies and institutions to protect the people's policies and protect the rights and interests of the people in many aspects, so as to increase the people's confidence in insurance. What do you think about this? Agree to like!
Wan Ziwen said: Every word of the article was typed out by me, and I clicked "watching" to let me know that you are also "doing your best" for life.
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