According to the relevant provisions of China's Insurance Law, insurance companies should centrally manage insurance guarantee funds and use them as a whole under the following circumstances:

1. Provide relief to the insured, the insured or the beneficiary when the insurance company is revoked or declared bankrupt;

2. When an insurance company is revoked or declared bankrupt, it shall provide relief to the insurance company that accepts its life insurance contract according to law;

3. Other circumstances stipulated by the State Council.