The Insurance Law has relevant provisions. When formulating laws, the state has fully considered how long-term life insurance contracts can adapt to the risks of insurance companies. According to the provisions of Article 85 of the Insurance Law, an insurance company is dissolved after being approved by the insurance supervision and administration institution due to separation, merger or reasons for dissolution stipulated in the articles of association. An insurance company shall set up a liquidation group according to law to carry out liquidation. Measures for the Administration of Insurance Guarantee Fund: Article 19 If an insurance company is revoked or bankrupt according to law, and its liquidation property is insufficient to pay the benefits of the policy, the insurance guarantee fund shall provide assistance to the policyholders of non-life insurance contracts according to the following rules: \x0d\ (1) The insurance guarantee fund shall provide full assistance to the policyholders whose losses are less than RMB 50,000; \x0d\ (2) If the applicant is an individual, the amount of assistance from the insurance protection fund is 90% of the excess part of the loss exceeding RMB50,000; If the applicant is an institution, the amount of assistance from the insurance guarantee fund is 80% of the loss amount exceeding 50,000 yuan. \x0d\ The loss of the applicant mentioned in the preceding paragraph refers to the difference between the policy interest of the applicant and the amount of claims obtained from the liquidation property. \x0d\ Article 20 If an insurance company engaged in life insurance business is revoked or bankrupt according to law, its life insurance contract must be transferred to other insurance companies engaged in life insurance business according to law; If the transfer agreement cannot be reached with other insurance companies, it shall be accepted by the insurance company designated by the China Insurance Regulatory Commission to engage in life insurance business. \x0d\ Article 21 If the liquidation assets of an insurance company that has been revoked or bankrupt according to law are insufficient to pay the benefits of life insurance contracts, the insurance protection fund may provide assistance to the company whose policy is transferred according to the following rules: \x0d\ (1) If the applicant is an individual, the amount of assistance shall not exceed 90% of the benefits of the policy before transfer; \x0d\ (2) If the applicant is an institution, the amount of assistance shall be limited to 80% of the benefits of the transferred policy. \x0d\ If the insurance guarantee fund provides assistance to the policy transferee company in accordance with the provisions of the preceding paragraph, the amount of assistance shall be determined according to the financial situation of the insurance guarantee fund on the principle of protecting the rights and interests of small and medium-sized policy holders and maintaining the stability of the insurance market. , except for separation and merger, shall not be dissolved.