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What is the full name of the Social Security Bureau?
2. Article 2 of the Insurance Law of People's Republic of China (PRC) (hereinafter referred to as the Insurance Law) clarifies the definition of insurance: "The insurance mentioned in this Law refers to the commercial insurance behavior in which the applicant pays the insurance premium to the insurer according to the contract, and the insurer bears the responsibility of paying the insurance premium for the property loss caused by the possible accident agreed in the contract, or when the insured dies, is disabled, suffers from illness or reaches the age and time limit agreed in the contract."
3. The Social Security Bureau, also known as the Social Insurance Fund Management Bureau, is an administrative organ under the Municipal Human Resources and Social Security Bureau, and is responsible for the collection and management of the city's social insurance funds. First, the city's pension insurance, medical insurance, work-related injury insurance, unemployment insurance, children's medical insurance, maternity insurance, housing provident fund for employees of enterprises, and Medicaid funds for employees and their families of government agencies and institutions shall be formulated and implemented after approval.
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