Its purpose is to establish and standardize the deposit insurance system, protect the legitimate rights and interests of depositors according to law, timely prevent and resolve financial risks, maintain financial stability, and formulate deposit insurance regulations. The State Council, People's Republic of China (PRC) was promulgated on February 7, 2065438, and shall come into force on May, 2065438.
The sources of deposit insurance funds include:
(1) Insurance premiums paid by insurance institutions;
(2) Property distributed by the insurance institution during liquidation;
(three) the income obtained by the deposit insurance fund management institution from the use of the deposit insurance fund;
(4) Other lawful income.
The deposit insurance fund management institution shall perform the following duties:
(a) to formulate and publish rules and regulations related to the performance of duties;
(two) to formulate and adjust the deposit insurance rate and report it to the State Council for approval;
(3) Determining the applicable rates of insurance institutions;
(4) collecting insurance premiums;
(five) the management and use of insurance deposit funds;
(six) in accordance with the provisions of this Ordinance, take early rectification measures and risk disposal measures;
(seven) timely return the depositors' insurance deposits within the limits stipulated in these regulations;
(eight) other duties approved by the State Council. The deposit insurance fund management institution shall be decided by the State Council.
Legal basis:
People's Republic of China (PRC) social insurance law
Article 12 The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of employees stipulated by the state and record it in the basic old-age insurance pooling fund.
Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts.
Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing unit and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual accounts respectively.
Twenty-third employees should participate in the basic medical insurance for employees, and employers and employees should pay the basic medical insurance premiums in accordance with state regulations.
Individual industrial and commercial households without employees, part-time employees who have not participated in the basic medical insurance for employees and other flexible employees can participate in the basic medical insurance for employees, and individuals pay the basic medical insurance premium in accordance with state regulations.
Article 35 The employing unit shall pay the work-related injury insurance premium according to the total wages of employees and the rate determined by the social insurance agency.
Forty-fourth employees should participate in unemployment insurance, and employers and employees should pay unemployment insurance premiums in accordance with state regulations.
Fifty-third employees should participate in maternity insurance, the employer should pay maternity insurance premiums in accordance with state regulations, and employees do not pay maternity insurance premiums.