Since the beginning of this year. At least 30 insurance company headquarters were fined.
The total amount of fines exceeded 37 million.
Property insurance 17.92 million, life insurance 191650 thousand.
There were 12 fines of more than 1 million.
Among them, 1 ticket is 5 million.
4 3 million-level fines.
3 tickets for the 2 million level.
4 million-level fines.
Life insurance company fines
Huagui Life 34950 thousand.
June 2nd. The fine issued by the Guizhou Supervision Bureau shows.
Huagui LifeHeadquarters was fined201.50 thousand.
The Guizhou branch was fined720,000
14 relevant responsible persons, including the chairman of the board.
The total amount of fines was issued760,000
One member of the branch was disqualified as an executive.
The main reasons for violating the law and regulations
1.Failure to use the recorded insurance terms and rates as required.
2.Concealment of important information related to the insurance contract from the policyholder.
3.Obstructing supervision and inspections in accordance with law.
4.Failure to truthfully record insurance business matters.
5.Failure to return the original permit as required.
6.Related-party transactions are carried out on terms that are better than those of similar transactions for non-related parties.
7.The selection and appointment of some investment managers has not been determined by the decision-making process of the board of directors.
8.False disbursement of financial transactions.
Fosun Prudential 3.21 million
March 14th.
The fine issued by the Shanghai Regulatory Bureau shows.
Fosun PrudentialPenalized2.62 million
Seven responsible persons were fined590 thousand
The main reasons for violating the law and regulations
1.Failure to use the recorded insurance rates in accordance with the regulations;
2.Misleading claims about the contents of insurance terms and services;
3.Not qualified to operate health insurance business;
4.Payment of incentives in kind to intermediaries;
5.Commissions are calculated and paid for non-insurance business activities;
6.Insurance companies are not prudent in valuing the equity of investment enterprises;
7.Insurance funds do not operate independently;
8.New investment management business without meeting the investment management capability standards;
9.Using different types of insurance products to invest in ** without opening ** accounts and capital accounts separately;
10.Equity investment projects jointly controlled with related parties shall be reported to the regulatory authorities as financial equity investments.
Lujiazui Cathay 3.12 million
December 1.
The fine issued by the State Administration of Supervision shows.
Lujiazui Cathay
Headquarters was fined2.11 million
The Beijing branch was fined300,000
Eight responsible persons were fined710,000
The main reasons for violating the law and regulations
1.Fictitious listing of conference fees for arbitrage fees.
2.Providing false insurance intermediary business reports, statements, documents, and information.
3.Entrust an institution that has not obtained legal qualifications to engage in insurance sales activities.
4.Entrusting individuals who have not obtained legal qualifications to engage in insurance sales activities.
5.Failure to use approved or filed insurance terms and rates as required.
6.Some of the customer information of the policy is not true.
7.The quality of the double recording is poor and the quality inspection is not carried out according to the regulations.
Yingda Life Insurance 3.08 million
October 20th.
The fine issued by the State Administration of Supervision shows.
Yingda Taihe Life
The company was fined2.8 million
Four people, including the deputy general manager, were fined in total280 thousand
The main reasons for violating the law and regulations
1.The standardized data reports submitted to the regulatory authorities are not true.
2.The information on related parties and related party transactions submitted to the regulatory authorities is untrue.
China Post Life Insurance 1.81 million
December 1.
The fine issued by the State Administration of Supervision shows.
China Post LifePenalized1.81 million
The main reasons for violating the law and regulations
1.Unauthorized change of the company's place of business.
2.The company's internal management is not sound.
3.Tier 2 capital bonds purchased do not have the minimum capital measured in accordance with solvency regulations.
4.Investment bank deposits are not in compliance with regulatory requirements.
5.Bond investment is not prudent.
6.Carry out domestic and foreign equity investment before filing.
7.The informatization and control of the decision-making process have not been realized.
8.Failure to truthfully provide training courseware materials.
9.Insurance products with uncertain policy benefits are sold through bancassurance channels, and some policyholders do not meet the age requirements in regulatory regulations and are not manually underwritten.
China Life pension 1.1 million
August 31.
The fine issued by the State Administration of Supervision shows.
Due to the use of trusteeship management of pension security management product funds.
Carry out reverse repurchase transactions of bond pledges.
The transaction did not comply with regulatory requirements.
China Life PensionPenalized1 million
The person responsible was fined100 thousand
Zhonghong Life Insurance 980,000
June 28th.
The fine issued by the Shanghai Regulatory Bureau shows.
Zhonghong Life InsurancePenalized800,000
The total of the three responsible persons was fined180 thousand
The main reasons for violating the law and regulations
1.The solvency report data for the fourth quarter of 2020 is not true;
2.From 2020 to the first half of 2021, the company's financial data was untrue;
3.From March 2018 to March 2021, the company's insurance funds were invested in infrastructure projects, and the independent supervisor was not eligible.
Xinhua Life Insurance 950,000
December 15th.
The fine issued by the State Administration of Supervision shows.
New China LifeNot used as prescribed.
Documented insurance terms and rates.
The company was fined800,000
The total of the two responsible persons was fined150 thousand
Haibao Life Insurance 890,000
September 22nd.
The fine issued by the Hainan Supervision Bureau shows.
Haibao LifeDue to untrue financial data.
Giving insurance intermediaries benefits other than those stipulated in the entrustment contract.
Failure to use the recorded insurance rates in accordance with the regulations;
The company was fined710,000
A total of 4 responsible persons were fined180 thousand
490,000 people care for the elderly
August 31.
The fine issued by the State Administration of Supervision shows.
People take care of the elderlyOverprovision of management fee income.
Resulting in untrue data in the annual financial statements.
The company was fined350,000
The total of the two responsible persons was fined140 thousand
PICC Health 410,000
December 1.
The fine issued by the State Administration of Supervision shows.
People's healthDue to untrue financial data.
The head office was fined250,000
The Guangdong branch was fined100 thousand
The total of the three responsible persons was fined60 thousand
China Post Life Insurance 180,000
December 15th.
The fine issued by the State Administration of Supervision shows.
China Post LifeProviding false complaint data reports.
The company was fined150 thousand
The two responsible persons were fined in total30 thousand
Chinese life (overseas) 150,000
August 23rd.
The fine issued by the Shenzhen Supervision Bureau shows.
Chinese Shou (overseas).
Unauthorized change of business premises.
The company was fined80 thousand
The person responsible was fined70 thousand
CCB Life Insurance 20,000
October 7th.
The fine issued by the Shanghai Regulatory Bureau shows.
CCB LifeBecause the health insurance division did not operate according to the prescribed standards.
Inaccurate reports submitted to regulatory.
The company was fined 20,000 yuan.
Property and casualty insurance company fines
Sunshine Property Insurance 5.18 million
December 1.
The fine issued by the General Directorate shows.
Sunshine Property & Casualty Insurance Headquarters.
and 6 branches including Guangdong and Shandong branches.
The total amount of fines was issued4.3 million
A total of 9 responsible persons were fined880,000
The main reasons for violating the law and regulations
1.The coach car insurance business does not use the approved or filed insurance terms and rates in accordance with the regulations.
2.The loan loss credit insurance business of a financial institution fails to use the approved or filed insurance terms and rates in accordance with regulations.
3.The disbursement of operating and management costs is inconsistent with the actual use.
4.The claim settlement operation does not comply with the relevant provisions of the basic data of the reserve.
Sunshine Credit Insurance 2.75 million
August 4th. The fine issued by the Chongqing Supervision Bureau shows.
Sunshine Credit InsurancePenalized2.4 million
The general manager and other 5 relevant responsible persons were fined in total350,000
Yang Mou, the head of the banking department, was killedLifetime ban
The main reasons for violating the law and regulations
1.Illegal investment in the establishment of SPV companies.
2.Illegal use of SPV companies to issue entrusted loans.
3.Preparation of false statements and information.
4.Risk control is not in place.
5.Failure to use the documented insurance terms as required.
Zhonglu property insurance 2.12 million
September 28th.
The fine issued by the Qingdao Supervision Bureau shows.
Zhonglu Property Insurance was fined 1.98 million
The total of the two responsible persons was fined140 thousand
The main reasons for violating the law and regulations
1.Individual personnel are actually performing executive duties without authorization.
2.Borrowing channels to carry out investment in high-risk areas on their own in disguise.
3.False underwriting of non-motor insurance business.
4.False financial expenses.
5.Failure to strictly enforce approved or filed insurance terms and rates.
6.Underwriting non-local employer's liability insurance business in violation of regulations.
7.Underreporting of related parties and related party transactions.
8.The standardized regulatory data submitted to the regulatory authorities does not truthfully record the insurance business, etc.
China Life Property Insurance 2.05 million
May 25th.
The fine issued by the General Directorate shows.
China Life Property & Casualty Insurance Headquarters
and Guangdong, Anhui and Hunan branches
The company was fined in total1.51 million
A total of 6 responsible persons were fined540,000
The main reasons for violating the law and regulations
1.The financial data of car insurance is not true.
2.Entrust an institution that has not obtained legal qualifications to engage in insurance sales.
3.Pig breeding insurance falsely underwrites false claims.
Chengtai property insurance 1.1 million
December 4th.
The fine issued by the Yunnan Supervision Bureau shows.
Chengtai Property Insurance
Failure to use insurance company funds in accordance with regulations.
Prepare and provide false reports.
The company was fined800,000
Deputy General Manager and the main person in charge of the investment center.
A total of 2 people were fined300,000
Huahai Property Insurance 1.02 million
March 6. The fine issued by the Shandong Supervision Bureau shows.
Huahai Property InsurancePenalized800,000
Three responsible persons were fined220 thousand
The main reasons for violating the law and regulations
1.Fabrication of false financial and business information.
2.Inadequate internal control management and implementation led to the occurrence of false claims.
3.The interim responsible person has exceeded the time limit for his or her duties.
Meiya Property Insurance 820,000
May 6th. The fine issued by the Shanghai Regulatory Bureau shows.
AIG P&C InsurancePenalized710,000
Two responsible persons were fined110 thousand
The main reasons for violating the law and regulations
1.Failure to use the recorded insurance terms and insurance rates in accordance with the regulations;
2.Providing false documentation;
3.Violation of internal control and risk management systems;
4.The implementation of short-term health insurance has not re-fulfilled the obligation to inform and confirm.
AXA balance 600,000
September 8th. The fine issued by the Shanghai Regulatory Bureau shows.
AXA BalancesApproved for use not as specified.
or the insurance terms and rates of the record.
Penalized500,000
The person responsible was fined100 thousand
Yongcheng property insurance 510,000
April 26th.
The fine issued by the Shanghai Regulatory Bureau shows.
Yongcheng Property InsurancePenalized510,000
The main reasons for violating the law and regulations
Between 2019 and 2021, the company committed the following violations:
1.Failure to use approved or filed insurance terms and insurance rates in accordance with regulations;
2.The insurer violated the internal control and risk management system.
380,000 in the East China Sea
January 20th.
The fine issued by the Ningbo Supervision Bureau shows.
East China Sea Shipping
Preparation of false reports, statements, documents, information.
New workplaces created without regulatory approval.
Penalized380,000
Chengtai property insurance 290,000
November 14th.
The fine issued by the Yunnan Supervision Bureau shows.
Chengtai Property Insurance
Reporting related parties to regulatory authorities.
There are material omissions in the related party transaction information.
Penalized250,000
The person responsible was fined40 thousand
Zheshang property insurance 230,000
July 14th.
The fine issued by the Zhejiang Supervision Bureau shows.
Zheshang Property InsurancePrepared or made available.
False reports, statements, documents and information.
The company was fined200,000
The person responsible was fined30 thousand
Yanzhao property insurance 230,000
March 9. The fine issued by the Hebei Supervision Bureau shows.
Yanzhao Property Insurance
Establishment of 2 non-insurance subsidiaries without approval.
Failure to use the recorded insurance rates in accordance with the regulations;
The company was fined200,000
The total of the three responsible persons was fined30 thousand
Taiping Property Insurance 240,000
August 4th. The fine issued by the Shenzhen Supervision Bureau shows.
Taiping Property InsuranceNot in accordance with the regulations.
Strict enforcement of the recorded insurance rates was fined200,000
The person responsible was fined40 thousand
Zhonghui property insurance 160,000
August 4th. The fine issued by the Shenzhen Supervision Bureau shows.
Zhonghui Property InsuranceFined for false publicity120 thousand
The person responsible was fined40 thousand
Dinghe property insurance 130,000
August 4th. The fine issued by the Shenzhen Supervision Bureau shows.
Dinghe Property InsuranceCause.
Lack of governance system for IT outsourcing.
Lack of key IT outsourcing contract clauses.
Penalized100 thousand
2 of the responsible persons were fined 3Ten thousand
Zhongyi property insurance 110,000
January 9th. The fine issued by the Beijing Supervision Bureau shows.
Zhongyi Property Insurance
Hiring personnel who are not qualified for the post due to illegal employment.
The internal control management is not sound.
The company was fined60 thousand
Individuals are fined50 thousand.