China insurance regulatory Co40i50ion rules prohibit fried stop serious revoked busine50 license

New Express Reporter Zhang Xiao "this product will be returned next month, new premiums to increase 10%, insure you better", to which many people had similar insurance market, this sale means to promote insurance marketers is the method of usage. However, insurance regulatory Commission recently published the personal insurance company rules on administration of insurance clauses and insurance rates (exposure draft) (hereinafter referred to as the measures) to "fried stopped" in the constraint, prohibited "to stop using the insurance clauses and premium rates for sales misleading". Recommended reading insurance weekly: increased warehouse investment over 30,000,000,004 months insurance funded deposits moved near billions of cast even insurance May then case Waterloo income differentiation country life cast even insurance success escape top 5 name foreign executives joined China peace Qian May Beijing insurance intermediary was penalty million history with shares mass insurance holding 20% Qiming: shocks city in the how mining Daniel unit products sale required reported preparation according to reporter understanding, early in last year June, insurance regulatory Commission on has on "fried stopped" behavior made warning, for individual life insurance company to "products sale" for publicity promotions, easy caused sales misleading of behavior for interviews, requirements above company shall not to products sale for publicity hype, while do sale products of follow-up management work, strengthening sales behavior management, truthfully inform customer products itself, and this introduced approach under is is further clear has supervision requirements. And under approach under provisions, except requirements insurance company shall not "to stop using insurance terms and premium rate for sales misleading" outside, also provisions sale products required reported preparation: "insurance company decided in national range within stop using insurance terms and insurance rates of, should in stop using Hou 10th within to China insurance regulatory Commission submitted report, description stop using of causes, and follow-up service of related measures, situation, and will report CC original using regional of China insurance regulatory Commission sent institutions. "" Fried stop "violations although difficult to define" fried stopped "in the constraint, but force of industry on the implementation of the measures is still wait-and-see attitude. "In the draft is contained in " sold to stop using the insurance clauses and insurance rates of misleading ", is not allowed to be sold to mislead, rather than is not returned to the promotion. "Marketing channel of an insurance company official said," how to define sales misleading is a key, is referred to as long as the product sale and even misleading? If our products will be returned next month, the marketers tell customers is also very normal. "Marketing personnel and reporters also interviewed a number of insurance companies, which have indicated that they have not yet received a notice from company. Marketers admits, "old performance of the product sale is a time of year, the company will also make relevant training, and announced new products in advance of price increases, I think the full stop is unlikely. "In addition, under the rules, violations of the company by the China insurance regulatory Commission ordered corrective action and $ 500,000 the fine of at least $ 100,000 is serious, you can limit the scope of its business, ordered to stop accepting new business or revoked the business licenses. "Punishment amount is not too much, sale of products is always important measures to pull the sales companies, prior to the sale of a product can sell hundreds of millions. By contrast, if the restricted scope of business or stop the exhibition industry is relatively large impact on the company. "The insurance company who said now the approach only for comments, the next step depends on whether there will be interpretation of the rules.