Insolvent insurers may be subject to bankruptcy proceedings, state media reported, citing a China Insurance Regulatory Commission source. An insurance protection fund was recently set up to compensate policyholders in case of insurer insolvency.
Insolvent insurers may be subject to bankruptcy proceedings, state media reported, citing a China Insurance Regulatory Commission source. An insurance protection fund was recently set up to compensate policyholders in case of insurer insolvency.