Associate Professor
Supervisor of Master's Candidates
Hits:
Journal:Law-Based Society
Key Words:Housing Reverse Mortgage; Pension Insurance; Financial Consumers; Legal Protection
Abstract:Reverse mortgage pension insurance is an innovative commercial pension insurance business that combines housing mortgage with lifetime pension annuity insurance. The program is favorable to transform social stock assets to pension resources, bring the advantages of the insurance industry in risk management and fund management into full play, and participate in the development of the pension service industry in a multi-dimensional way. The housing reverse mortgage pension insurance is based on the legal protection for the right of citizens to own private property, a uniform registration system over real properties and commercial pension insurance. However, China’s legal system and market system of the modern insurance service industry are still developing and cannot satisfy the requirements for the innovative commercial pension insurance business, and they still lag far behind the requirements of the modern insurance service industry. Adhering to market orientation and policy guidance, a market environment shall be created and necessary support shall be provided for the insurance business. Under the principles of marketization and legalization, the insurance legal system and supervision shall be improved, the behaviors of insurance companies shall be regulated, and the lawful rights and interests of insurance consumers shall be effectively protected, to promote the sustainable and sound development of the reverse mortgage pension insurance.
Indexed by:Journal paper
Volume:2021
Issue:06
Translation or Not:no
Date of Publication:2021-11-15
