Analysis Report on Enforcement Cases of Investment-Linked Life Insurance Policies

Abstract

The Hebei Provincial Higher People's Court's Enforcement Ruling No. 59 of 2024  definitively confirms that the cash value of a wealth management life insurance policy falls under "other property rights" under Article 242 of the Civil Procedure Law, and determines that the policyholder's refusal to terminate the contract, jeopardizing the realization of the creditor's rights, constitutes an abuse of rights under Article 132 of the Civil Code. The ruling, based on systematic interpretation, purposive interpretation, and the principle of proportionality, redefines the normative scope of Articles 15, 42, and 47 of the Insurance Law, establishing a dynamic balance mechanism between creditor's rights realization and insurance protection. This article takes the three-tiered judicial process of this case as its starting point, comprehensively employing normative analysis, comparative law, and law and economics methods to systematically elaborate on the determination of the attributes of cash value, the structure of matured debt enforcement, and the institutional design of classification exemption and repurchase notices, aiming to provide both interpretative and legislative references for the connection between the Insurance Law and the Civil Enforcement Law.