GuShiio.com PICC P & Casualty Insurance also committed violations of laws and regulations such as untrue and inaccurate relevant reports, documents and other contents, and failed to handle reinsurance business in accordance with regulations.
PICC P & Casualty Insurance and its branches were fined 11.15 million yuan, and 27 responsible persons were fined together. They were involved in failing to use approved or filed terms and rates as required.
Blue Whale News February 8 Information on administrative penalties disclosed by the State Administration of Financial Supervision shows that the People’s Insurance Company of China (hereinafter referred to as PICC Property and Casualty Insurance Company) has been fined a total of 11.15 million yuan, including a fine of 4.3 million yuan for the head office and a fine of 6.85 million yuan for branches.
The administrative penalty information shows that PICC P & Casualty Insurance has violated laws such as failing to use approved or filed auto insurance, agricultural insurance, and guarantee insurance clauses and rates in accordance with regulations, relevant reports, documents, etc. are untrue and inaccurate, and failing to handle reinsurance business in accordance with regulations. Violation of regulations.
At the same time, the State Administration of Financial Supervision warned 27 responsible persons, including Yuan Hui, Zhang Haibo, Wang Shuguang, Song Ke, Meng Xiaojuan, Liu Zhiyuan, Jin Mingzhu, Wang Tianjun, Shao Yunzhou, Huashan, Wei Min ‘an, He Lei, Bai Hongxu, Bi Xin, Cao Fei, Wang Yanhui, Lin Meiqiong, Xiong Yujun, Xu Wenkai, Su Xiaoyan, Li Zhiheng, Shao Xuri, Xu Hong, Zhang Lizhi, Sun Yimin, Wang Jianqiang, and Chen Yanguo, and fined a total of 1.84 million yuan.
