Illegal sales of insurance practitioners to accountability to the competent

Business News (reporter Cui Qibin) yesterday in China insurance regulatory Commission published the insurance sales regulations (draft for soliciting opinions) (hereinafter referred to as "draft"), to the public for comments for comments as of May 20. "The draft" on certification of insurance sales in China, sales further specification, in addition to clearly breach the seller assume the corresponding responsibility, also be accountable directly responsible. China insurance regulatory Commission said, while this provision to amend the purposes, promulgated the regulations on administration of insurance marketers on July 1, 2006 (hereinafter referred to as the regulations) will be abolished. Recommended reading insurance weekly: variable amount annuity pilot started Beijing Shanghai five city first wins insurance enterprises violations promotions penalty 500,000 insurance ring "Wang yawei" emerge surface exaggerated income does not to risk silver insurance disputes constantly should first to family "pillar" Shang foot insurance regardless of from lost insurance is zehui Shi Qiming jointly immortal see disk build boutique lecture and provisions under compared, "views draft" in the insurance in China not only including insurance company marketing member, also including insurance agent company of insurance sales personnel, requirements this part practitioners also must pass qualification certificate under, and requirements insurance agent institutions issued qualification certificate under, and on all insurance sales in China unified management, as insurance company and the insurance agent institutions shall not authorized is not holds qualification certificate under and the this insurance company or insurance agent institutions practice industry certificate under of personnel engaged in insurance sales. If such violation, insurance sales in China is punishable by a maximum fine of $ 30,000, and insurance institutions of illegal income, the confiscation of illicit proceeds and to a fine up to $ 30,000, not illegal income Department fined a maximum of $ 10,000. Head of China insurance regulatory Commission on insurance sales to take accountability for the future of regulatory measures, violations linked to the sales and directly responsible for sales people. "Views draft" in "28 section" in the Ming column, insurance sales in China appears following case, as cheat policyholders, induced its does not fulfil truthfully inform obligations, given or commitment given policyholders insurance contract conventions yiwai of interests, forged, and unauthorized change insurance contract, misappropriated, and interception, and invaded premium, in customer clear refused insured Hou harassment customer, behavior, will on insurance institutions, and sales personnel are sentenced highest 30,000 yuan of punishment, while on advanced management personnel supervision talk, on directly competent and other directly responsibility personnel given warning and Department 10,000 yuan following of fine. This means that much of the China insurance regulatory Commission will be to strengthen the accountability system of internal control of insurance companies. For previously part insurance company spamming "practice industry documents" or detained marketing Member qualification certificate under, behavior, "views draft" also made clear response, requirements insurance company and the insurance agent institutions shall not for has by other insurance company or insurance agent institutions handling practice industry registration of insurance sales in China issued practice industry certificate under, while also explicitly "any institutions and the personal shall not detained or disguised detained others of qualification certificate under or practice industry certificate under".