Produced by: Huabo Business Review Email hbsypl2023@163com In the last month of 2023, regulatory fines were intensively smashed on Sunshine Insurance.
On December 29, the Jinchang Central Branch of Sunshine Property Insurance was fined 300,000 yuan for untrue financial data and failure to use the approved or filed insurance rates in accordance with regulations, and Wang Yongsheng, deputy general manager of the branch, was responsible for the matter and was given a warning and fined 40,000 yuan.
On the same day, the Jilin branch of Sunshine Life Insurance was warned and fined 10,000 yuan by the regulatory department for inducing the insurer to carry out activities that violated the duty of good faith, and Xu Li, the relevant responsible person, was also warned and fined 050,000 yuan.
On December 28, Sunshine Life Insurance Nong'an Branch was warned and fined 10,000 yuan for losing its "Insurance License".
On December 27, the Fuyang Central Branch of Sunshine Property Insurance was fined 100,000 yuan for false expenses, and Fan Jinbao, assistant to the general manager, and Qin Shaojian, channel manager, were fined 10,000 yuan respectively.
On the same day, the Qiandongnan Central Branch of Sunshine Property Insurance Co., Ltd. was convicted of preparing or providing false reports, documents and materialsThe use of insurance ** people to engage in fictitious insurance intermediary business and other violations such as arbitrage fees was fined 4280,000 yuan, the relevant responsible person Chen Jiaming was fined 10,000 yuan, and Liao Rong, the head of the claims service department, was warned and fined 120,000 yuan.
On December 1, Sunshine Property & Casualty Insurance Co., Ltd., Guangdong Branch, Shandong Branch, Meizhou Central Branch, Shaoguan Central Branch, Dezhou Central Branch, Rizhao Central Branch, etc., were fined a total of 2.3 million yuan for failing to use the approved or filed insurance terms and rates in accordance with the regulations for the credit insurance business of loan loss of financial institutions, and the inconsistency between the business and management expenses and the actual use.
This is only the fine issued by Sunshine Insurance in December, which shows the intensity of its fines, which also highlights the shortcomings of Sunshine Insurance's internal control compliance.
Sunshine Insurance is a private insurance service group established and developed in China in accordance with the market-oriented mechanism, with a number of professional subsidiaries such as property insurance, life insurance, credit guarantee insurance, asset management, and medical and health care. When you open the official website of Sunshine Insurance, the first thing that pops up is the corporate mission of "letting people have more sunshine", but in practice, Sunshine Insurance is a bit not "sunny".
On online social networking**, many consumers have complained about their bad experience when purchasing Sunshine Insurance-related products and services. For example, on December 26, a consumer complained on the black cat complaint that Sunshine Insurance's car loan was suspected of loan usury: the contract agreed that 6% and the principal was 1090,000 yuan, monthly repayment of 424249. A total of 36 months, with an annual interest rate of up to 2341%。Sunshine Insurance is also suspected of violent collection, repeatedly calling ** to harass the private mobile phone of his work unit and the person in charge of the unit, threatening and intimidating, and having an extremely bad attitude.
Another consumer complained that when he was doing business at the bank, the bank staff promoted him Sunshine Life Insurance participating insurance, claiming that he could get back 120% of the remuneration after 10 years of payment, and he could also insure for 30 years. However, other insurance officers later told him that the Sunshine Life Insurance he had purchased was paid in 10 years and returned after 30 years. He re-read the contract and found that the contents of the contract were inconsistent with what had been advertised at the time. "This is a great deception for me," the consumer said.
In terms of black cat complaints, up to now, there have been 3,273 similar complaints about Sunshine Insurance, involving inducing consumption, routine loans, high interest, ** sales, violent collection, claims difficulties, false propaganda, etc.
Therefore, under the intensive fines of Sunshine Insurance, almost all consumers have made relevant complaints. It is worth noting that at the beginning of 2023, a new round of reform of financial regulators was launched, and the State Administration of Financial Supervision was officially launched in May. At the first financial work conference held at the end of October, Li Yunze, Secretary of the Party Committee and Director of the State Administration of Financial Supervision and Administration, said that strong supervision and strict supervision resolutely achieve "long teeth and thorns".
In 2023, the State Administration of Financial Supervision will issue about 2,600 fines for violations of laws and regulations in the insurance industry, with a fine of about 3400 million yuan, millions of fines were frequent, and 39 people were banned from business. In many areas, Sunshine Insurance's fines are "among the best", such as the largest fine issued by property insurance companies in December last year, which was taken away by Sunshine Property Insurance. In the continuous high-pressure regulatory situation, Sunshine Insurance may face compliance pressure.