The promulgation of Article 10 of People's Republic of China (PRC) Insurance Law has standardized the development of the insurance industry and improved people's trust in this industry.
"National Ten Articles" refers to "Several Opinions of the State Council on the Reform and Development of Insurance Industry" promulgated by the State Council in 2006, which has played an important role in promoting and perfecting China's insurance industry.
What we are talking about now is "Several Opinions on Accelerating the Development of Modern Insurance Service Industry" issued by the State Council on 20 14.
This document defines the overall requirements, key tasks and policy measures for the development of the insurance industry in a long period after 20 14.
It is proposed that by 2020, a modern insurance service industry with comprehensive guarantee, perfect functions, safety and stability, standardized integrity, strong service ability, innovative ability and international competitiveness will be basically built to meet the needs of China's economic and social development, and efforts will be made to transform from a big insurance country to a strong insurance country.