Non motor insurance violations would be more regulator will expect big things

Chen Tianxiang as the intensified supervision, internal non-significant improvement in the motor insurance market order, but the problem is still very serious irregularities, highlighted in not strictly enforce the terms of the approval or registration rates, unfair fees, pay high virtual intermediary fees and operating expenses, and so on. These problems of making non-serious shortage of motor insurance premium ratio, ability to resist risks, and data seriously untrue, disturb the normal competition order. The business news reporter learned that, as the insurance city of Shenzhen, the uti possidetis Administration to the area in the property insurance company, the insurance professional intermediaries issued notice of non-motor insurance business management, increase penalties for illegal acts. 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 Shenzhen insurance prison Council requirements the insurance company, and intermediary to strictly implementation by insurance regulatory Commission approval or record of insurance terms, is strictly prohibited reported line varies, shall not accept without approval or record of insurance terms, shall not accept to special conventions way on existing insurance terms for modify of content. Meanwhile, the property insurance company bearing insurance the area insurance subject Shi, should pursuant to Shenzhen property insurance risk loss rate science reasonable determined rates, shall not by form and insurance standard of actual risk status does not match the of rates adjustment factor reduce rates, shall not to agent procedures fee, and business publicity fee, names, or in official tender agreement zhiwai, to supplementary agreement, and conventions, and memorandum, way to policyholders disguised paid or given other interests. Commission payment link opacity problem, in the past has been for a long time. Shenzhen Bureau of insurance requirements, sources of property insurance companies should ensure that intermediary business, business channel, Commission pay for authenticity and consistency of the object, and use the account only, to transfer directly to the insurance intermediaries and individuals signed agency agreements to pay commissions. Property insurance company shall not be payable in cash on Commission, the direct sales to the customer business of extracting commissions should not be, shall not be paid to the institutions without insurance intermediaries qualifying commissions, not to not signing an agreement of Agency, insurance agencies, and individuals pay a Commission. In addition, for non-motor insurance business commissions above 18%, and single premium amounts exceeding $ 400,000, shall report the sum of the non-motor insurance business the high price of property insurance companies reports, reporting to the regulator truly one by one agency policy name, type the subject of this month, Commission percentage and payment objects, and so on.