Year: 2025
Type: article
Abstract: The bankruptcy reorganization of Yi'an Property & Casualty Insurance Co., Ltd. stands as China's pioneering judicial intervention in insurance sector insolvency, demonstrating a critical legal mechanism for addressing systemic financial risks and institutional vulnerabilities. Through rigorous examination of this landmark case, fundamental legal challenges emerge in three dimensions: the determination of insolvency causation, the fulfillment of regulatory prerequisites prior to bankruptcy filings, and the comprehensive safeguarding of policyholder rights and interests as contractual creditors. These challenges may be systematically addressed through strategic reforms, including establishing solvency-focused regulatory thresholds for bankruptcy adjudication, standardizing pre-bankruptcy administrative coordination procedures, and implementing legally binding prioritized protection frameworks for insurance beneficiaries during reorganization processes.
Source: Science of Law Journal
Author: Yiting He
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W4411254900