Accept the credit card to repay the policy loan, Everbright Yongming Life was fined

Zhongxin Jingwei, September 5th. I violated the rules to accept the repayment of the policy loan with a credit card. Everbright Yongming Life Insurance Co., Ltd. (hereinafter referred to as Everbright Yongming Life) was fined 200,000 yuan by the CBRC.

According to the administrative punishment decision announced on the 5th on the 5th, the CBRC conducted a case investigation and trial on the case of the Everbright Yongming Life Suspecting and violations of laws and regulations, and inform the parties the facts, reasons, basis, basis, and the parties in accordance with the law according to law. The right to enjoy. During the legal statement defense period, the parties did not make a statement of argument. This case has been tried in this case.

Source: Screenshot of the CBRC official website

After investigation, Everbright Yongming Life has an illegal act of repaying the policy loan by the insurer's use of credit cards in violation of the rules:

From January 2018 to March 2019, Everbright Yongming Life accepted some customers to use Everbright Bank credit card to repay the policy loan, involving a loan principal and interest of 42.6575 million yuan, and the number of policies was 2199. As of August 2021, Everbright Yongming Life has paid 12.9034 million yuan in compensation to Everbright Bank on 313 credit card accounts, and 270 credit card account loans have not settled in principal and interest of 8.7085 million yuan, of which 41 accounts are overdue, and the principal and interest of loans is 204.53. 10,000 yuan. Everbright Yongming Life discovered the problem in March 2019, adjusted the policy loan rules and operating system function settings, closed the channel for credit card repayment of insurance loans, and cooperated with Everbright Bank to carry out collective damage work.

Everbright Yongming Life Insurance Operation Management Department's security business department is responsible for the acceptance and review of the policy loan and repayment business. Ji Nan has been the head of the business department of the operation and management department from February 2015 to June 2018, and June 2018 to September 2019 as an expert in the operation and management department (level) in charge of the security business department. The person in charge is the supervisor directly responsible for the above matters.

The CBRC decides to make the following administrative penalties:

The above -mentioned violations of laws and regulations violated the "Notice of the China Insurance Regulatory Commission on Further improving the Equalist System of Personal Insurance" (Article 4 of the Insurance Law of the Insurance Law) Article 161 and Article 171 of the Insurance Law, a fine of 200,000 yuan for Everbright Yongming Life, warned Ji Nan and fined 30,000 yuan.

According to official website information, Everbright Yongming Life Insurance Co., Ltd. was established in April 2002. The existing shareholders include China Everbright Group Co., Ltd. (50%), Canada Yongming Life Insurance Company (24.99%), and China Bing Investment Management Co., Ltd. (12.505 %) And Anshan Iron and Steel Group Co., Ltd. (12.505%) are state -owned insurance companies controlled by China Everbright Group. At present, the registered capital of Everbright Yongming Life is 5.4 billion yuan.

According to Everbright Yongming Life Insurance's previous quarterly solvency report in the second quarter of 2022, the company realized insurance business revenue of 4.08 billion yuan in the second quarter, net profit was 157 million yuan, and investment yields were 2.07%. As of the end of the second quarter, the company's core solvency adequacy ratio was 108.84%, and the comprehensive solvency adequacy ratio was 166.81%. (Zhongxin Jingwei APP)

- END -