Changan Insurance Zhejiang Branch was punished illegal and failed to use insurance clauses in accordance with regulations

Author:Science and Technology Finance Time:2022.07.26

On July 26, a public information disclosure table of administrative punishment information published by the China Banking Regulatory Commission's website (Zhejiang Banking Insurance Supervisory Decision [2022] No. 13) showed that Changan Liability Insurance Co., Ltd. Zhejiang Branch did not follow the regulations in accordance with regulations Use the recorded insurance terms and insurance rates. Jiang Jian is the supervisor who is directly responsible for the aforementioned violations of laws and regulations.

According to Article 170 (3), and Article 171 of Article 170 (3), and Article 171 of the Insurance Law of the People's Republic of China, the Zhejiang Branch of Changan Liability Insurance Co., Ltd. Jiang Jian warned and fined RMB 70,000.

Related laws and regulations:

Article 170 of the Insurance Law of the People's Republic of China: If there is one of the following acts in violation of the provisions of this Law, the insurance supervision and management agency shall be ordered to correct it, and a fine of more than 500,000 yuan or less than 500,000 yuan shall be imposed. It can restrict its business scope and order to stop receiving new business or revoking business licenses: (1) Preparation or false reports, reports, documents, and information; (2) refusal or obstructing supervision and inspection according to law; The insurance clauses and insurance rates that are approved or filed are stipulated.

Article 181 of the Insurance Law of the People's Republic of China: Insurance companies, insurance asset management companies, insurance professional agencies, insurance brokers violate the provisions of this Law, in addition In addition to the provisions of Article 170, in addition to the punishment of the unit, the person in charge and other direct responsible persons who are directly responsible for the person in charge will be given a warning, and a fine of more than 100,000 yuan is 10,000 yuan; if the circumstances are serious Qualifications.

Source: China Banking Regulatory Commission website

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