At the same time, the Provincial Department of Finance will allocate financial subsidies to the provincial rescue fund according to the current budget, the amount of business tax paid by insurance companies in the last quarter and the income and expenditure of the rescue fund. The financial departments at all levels shall regularly transfer the fines that are not covered by compulsory insurance to the special account of the provincial relief fund.
Jiangsu Road Relief Fund implements a management system of unified policy, unified management, professional organization operation and division of responsibilities among departments. The provincial government has specially set up the "Jiangsu Social Assistance Fund Management Coordination Group" (hereinafter referred to as the Provincial Assistance Fund Coordination Group), which is responsible for guiding, supervising and inspecting the collection, use and management of assistance funds. Provincial Department of Finance, Jiangsu Insurance Regulatory Bureau, Provincial Public Security Department, Provincial Finance Office, Provincial Health Department, Provincial Agricultural Machinery Bureau and other relevant departments support the smooth operation of the rescue fund according to their respective responsibilities.
In order to ensure the strict management organization and smooth operation of the relief fund and reduce the cost of operation and management, our province has innovated the management mode of the relief fund, adopted the way of government purchasing services, and hired professional institutions as the managers of the relief fund in Jiangsu Province to be responsible for the daily operation and management of the relief fund. After repeated argumentation, the relief fund coordination group decided to hire Zijin Property Insurance Co., Ltd., the first national property insurance company headquartered in Jiangsu Province, as the relief fund manager, specifically responsible for the application, advance payment, review and fund disbursement of the relief fund.