May 10 ticket China branch financial false was fined 250,000

Trainee journalist Kong Ruimin May depart insurance a total of around 10 ticket. Are the Inner Mongolia Bureau of insurance 1 ticket, insurance Council 1, Fujian, Guangdong Bureau of insurance 4, Beijing insurance Council 4. Among them, there are 4 ticket for personal, 4 for insurance companies, 1 for insurance brokerage company, 1 for insurance agent. Total fines amounting to $ 370,000. Although tickets are not much, but punished reasons, covering 2011 year supervision of the insurance industry to focus on a few areas, particularly on "falsification" of combat. Recommended reading insurance weekly: April premium as scheduled diving silver insurance effect or Super expected insurance funded participation protection room looked was batch insurance funded contrarian buy wrong killed "white horse unit" new shares frequently break insurance funded playing new encounter floating losses car sales decline drag casualty profit tailored buy insurance figure out terms then Xia Dan Qiming: shocks city in the how mining Daniel unit virtual list led wage country life wulanchabu branch was penalty 250,000 insurance regulatory Commission March publishing of 2011 life insurance supervision work points under provisions, 2011 insurance supervision of focus has treatment account outside paid procedures costs, treatment sales misleading,. The 2011 property insurance regulation set out in the points, 2011 will continue to strictly enforce the insurance files, 70th, focusing on the control data is not real-world problems. Fraudulently listing fee, false claims, false shall be allocated for operating expenses and risks of false underwriting and other violations. On May 24, the insurance Council on Chinese shouwulanchabu of Inner Mongolia branch out of the penalty of up to $ 250,000 fine. Such a high fine, for insurance companies are not common. What exactly wulanchabu branch of China life insurance has made it? Naiho prison penalty (2011), 12th show, September 13, 2010, insurance Council Kunihisa wulanchabu, Inner Mongolia Branch conducted a special on-site examination for business and sales to mislead banks and insurance companies. Found it in 2010, the preparation of the list of virtual single regulator member banks and insurance companies using wage 1649, charged against the Commission totals $ 1.7365 million. In 2010, the company also commissioned does not qualify as a legitimate institution and personal insurance premium revenue from sales of 18.2182 million Yuan, pay fees and commissions of $ 648,800. Making false financial information a violation only facts, is a fine of 150,000. Delegates did not qualify as a legitimate institutions and individuals engaged in insurance sales activities, is punishable by a fine of $ 100,000. Another a Zhang "playing virtual" of ticket is for personal of, Guangdong insurance prison penalty [2011]65, display, October 2009 to December, Guangzhou City King Hui insurance agent company (following short "Jing Hui agent") to China peace (601,318, unit 's) property insurance company limited Jiangmen Center support company (following short "peace production insurance Jiangmen in the support") virtual open insurance intermediary service unified invoice. Jing Hui agent in the collection of invoiced fee, the remaining funds by bank transfer or cash payment, return directly to ping an property insurance cost as the exhibition industry in Jiangmen branch business staff. Their legal representatives bear direct responsibility for violations of this false invoices, was given a warning and a fine of $ 10,000 penalty. 3 illegal consignment ticket punishment in addition to combat fraudulent practices, China insurance regulatory Commission is not in accordance with the provisions in the insurance business, insurance sales is also punished. Currently published May 10 in the ticket, 3 is for delegates does not qualify as a legitimate institution engaged in sales or insurance agent of behavior. Insurance Council in Beijing on May 11, begin Beijing insurance penalty [2011]35 the ticket. Ticket displays, in accident insurance business checks at the beginning of this year, Sun life insurance company limited Beijing Branch delegates did not qualify as a legitimate institution engaged in problems of insurance sales activities, sentenced to administrative penalty of $ 50,000. At the same time, Sun Life Group Insurance Management Department of the North, also received the Beijing insurance penalty [2011]36, ticket, because of their direct responsibility for such violations, sentenced to the nature of the warning, a fine of $ 10,000 penalty. North of the split-ticket the day before the Sun, Turbo Guangdong Branch and also because delegates are no part-qualified institutions agency car insurance business Act, administrative punishment was punishable by a warning. Ping an property insurance May receive 3 tickets, all because they are not used in accordance with the provisions of approved commercial motor insurance terms and rates. Peaceful Ningde Center support company is not used in accordance with the provisions of the insurance clauses and insurance rates for approval or for the record, its direct responsibility was a warning and a fine of $ 10,000. Changping, Dongguan, ping an insurance company for the same violation, was fined $ 20,000, and was ordered to stop accepting motor make strong commercial insurance and motorcycle insurance new business for half a year. In May, the Beijing Insurance Authority also issued two ticket, punished with expired insurance license and insurance intermediary insurance intermediary business and with an expired license.