TITLE:
Study on the Legal System of Overseas Investment Insurance under the “Belt and Road” Initiative
AUTHORS:
Xinchen Zhang
KEYWORDS:
Belt and Road Initiative, Legislative Objectives, Basic Principles, Theoretical Cornerstones, Legal System, Overseas Investment Insurance
JOURNAL NAME:
iBusiness,
Vol.15 No.4,
December
29,
2023
ABSTRACT: To further improve the insurance legal system, this paper takes the “Belt
and Road” as the background to research the legal system of overseas investment
insurance. It elaborates the theoretical cornerstone of the legal system of
overseas investment insurance from the aspects that overseas investment
insurance is created “in the name of the state” and conforms to the
characteristics of the participation of diversified subjects under the global
governance; the construction of the legal system of overseas investment
insurance under the Belt and Road Initiative The construction of the legal
system for overseas investment insurance under the “Belt and Road” initiative
should follow the principles of economic sovereignty and fairness and mutual
benefit; in order to improve the legal system for insurance, it proposes
measures in three aspects, namely, setting the main legislative objectives of the
legal system for overseas investment insurance, establishing the status of
equal protection for overseas investment equities and claims, and standardizing
the supervision and management of the insurance industry for overseas
investment, so as to help realize win-win situation for both the overseas
investment and the host country.