GuShiio.com Taikang Online also committed violations such as failing to strictly enforce terms and rates, and preparing and providing false reports, reports, documents and materials.
Taikang Online was fined 10.34 million yuan for lack of qualified agency sales of life insurance products of life insurance companies and poor management of fund utilization
Blue Whale News February 8 Information on administrative penalties disclosed by the State Administration of Financial Supervision shows that Taikang Online Property Insurance Co., Ltd.(hereinafter referred to as Taikang Online) was fined a total of 10.3371325 million yuan, of which a fine of 8.23356625 million yuan and illegal income of 2.10356625 million yuan was confiscated.
Administrative penalty information shows that Taikang Online has committed violations of laws and regulations such as failing to strictly enforce terms and rates, having no qualifications to sell life insurance products as an agent, preparing and providing false reports, reports, documents and materials, and inadequate management of fund utilization.
At the same time, the State Administration of Financial Supervision warned and fined Fang Yuanjin, Zuo Weidong, Jiang Qi, Zhang Ran, Yang Weitao, Li Peng, Guo Xi, Li Zhiwei, Wei Zibo, Zhang Nan, Ding Junfeng, Wan Guocheng and other responsible personnel and fined a total of 1.31 million yuan.
