Huaxia Insurance was established in 2006 with a registered capital of 654.38+053 billion yuan, which is regarded as a relatively old insurance company in China. I also want to know about friends of Huaxia Insurance. You can read the following article: Is Huaxia Insurance Reliable? You should know these precautions!
Generally speaking, an insurance company may be taken over because its solvency and risk rating are seriously below the standard or violate the provisions of the insurance law, which damages the public interest, may seriously endanger or has seriously endangered the solvency of the company. What other insurance-related knowledge do you want to know? Take a look at the following article: Super Complete! Everything you want to know about insurance is here.
Some friends may be worried about the bankruptcy of insurance companies, but in fact, there is no need to worry too much. According to Article 92 of the Insurance Law, if an insurance company is revoked or declared bankrupt according to law, its unique life insurance contract and liability reserve must be transferred to other insurance companies; If no transfer agreement can be reached with other insurance companies, an insurance company shall be designated by the State Council Insurance Regulatory Authority to accept the transfer. In other words, even if your insurance company goes bankrupt, other insurance companies will accept your policy and the contract will still be valid. In addition, there are only a handful of bankrupt insurance companies in China, and the management in the CBRC is very strict, so the possibility of bankruptcy of insurance companies is still very small.
Want to know the top ten insurance companies with solvency? The following article must be read: which insurance company is the top ten solvency in 2022?
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