Transparency in the Insurance Contract Law of China

Transparency is an important concept in insurance law. An insurance contract must be made transparent to the parties of the contract because of its special nature of management of risks. The component and standard of transparency vary at different stage during the lifetime of an insurance contract. This Chapter is concerned with the requirement of transparency under Chinese Insurance Law. It critically examines the legal rules relating to the requirement of transparency on the parts of the insureds, the insurers and the insurance intermediaries throughout the lifetime of an insurance contract from the stage of entering into the contract, the currency of the insurance period, to the stage of making and settling claims.