保单贴现及其证券化的法律规制与经验借鉴——以美国的相关实务与法制为研究中心  

Legal Regulation and Empirical Reference of Viatical Settlement and Its Securitization

作　　者：池骋 Chi Cheng

机构地区：[1]北京大学光华管理学院

出　　处：《证券市场导报》2019年第6期58-68,共11页Securities Market Herald

基　　金：2017年度国家社会科学基金重大项目“网络金融犯罪的综合治理研究”(项目编号:17ZDA148)的阶段性研究成果

摘　　要：经过改革开放40年来的发展,我国已经具备了引入保单贴现及其证券化的基本条件。但作为一项较为复杂的保险和金融创新,保单贴现及其证券化的有效运行需要一套完善的风险防范法律机制予以保障,而我国当前还存在顶层法律规则与监管制度不够完善的障碍。美国保单贴现及其证券化的市场规模与法律制度发展较为充分,其在保单持有人权益保障、保单贴现公司业务风险控制及投资者风险的法律规制等方面的经验,可以为我国未来引入并开展保单贴现及其证券化业务、建立健全保单贴现相关法律监管制度提供借鉴,以满足我国保单持有人流通与变现寿险保单的需求,丰富我国金融市场的投资种类,提高我国保险业经营实力。The introduction of viatical settlement and its securitization(short for VSS) can meet the demand of policy holders for circulation and liquidation of life insurance policy, enrich the types of investment in China's financial market, and enhance the business capacity of China's insurance industry. After more than 30 years of reforming and opening up, there are some basic conditions for the introduction of VSS in China. However, VSS is a relatively complex insurance and financial innovation, its effective operation requires a set of risk prevention legal mechanism, and currently there are obstacles in the top level legal rules and regulatory system in China.VSS has developed suf ficiently in both market scale and legal system in the United States of America. Therefore, American law can be taken as the research object, and relevant experience can be used as reference, so that the VSS risk supervision system is constructed on a scienti fic basis, and when VSS is widely introduced and well-received in China, it will truly realize its important value in all aspects.

关 键 词：保单贴现 证券化 变现保单 证券监管 

分 类 号：DF438.7[政治法律—经济法学]