Legal analysis: The "Measures for the Administration of Enterprise Annuity Funds" are formulated in accordance with the labor law, trust law, contract law, securities investment fund law and other laws and relevant regulations of the State Council in order to safeguard the legitimate rights and interests of all parties involved in enterprise annuity and standardize the management of enterprise annuity funds.

After deliberation and approval at the 58th Executive Meeting of the Ministry of Human Resources and Social Security on January 11, 2011, the Ministry of Human Resources and Social Security of the People's Republic of China, China Banking Regulatory Commission, China Securities Regulatory Commission,

The China Insurance Regulatory Commission issued it on February 12, 2011 and came into effect on May 1, 2011.

In order to safeguard the legitimate rights and interests of all parties involved in enterprise annuity and standardize the management of enterprise annuity funds, these Measures are formulated in accordance with the labor law, trust law, contract law, securities investment fund law and other laws and the relevant provisions of the State Council.

Legal basis: "Insurance Law of the People's Republic of China" Article 10 An insurance contract is an agreement between the policy holder and the insurer to stipulate the insurance rights and obligations.

An insured person refers to a person who enters into an insurance contract with an insurer and is obligated to pay insurance premiums in accordance with the contract.

An insurer refers to an insurance company that enters into an insurance contract with the policy holder and assumes the liability for compensation or payment of insurance premiums in accordance with the contract.