Because of the preparation of false information, Sino -British Life Insurance Hubei Branch was fined 510,000 yuan

Jimu Journalist Leihara

Recently, the Hubei Banking Insurance Bureau issued an administrative penalty decision. China -British Life Insurance Co., Ltd. Hubei Branch (hereinafter referred to as "China -English Life Life Hubei Branch") was punished for illegal acts.

The ticket shows that there are illegal acts in the preparation of false information in Hubei Branch of China -British Life Insurance. In 2019, the Hubei Branch of China -British Life Insurance reimbursed at the reimbursement meeting, and set up 553,200 yuan through multiple expenses. Other expenses; in 2019, for the purpose of team assessment and tax avoidance, China -British Life Insurance Hubei Branch hung some business in four long -term personnel, and paid a total of 512,600 yuan.

Punishment Decision (Picture Source: Banking Insurance Supervision website)

At the time, Guo, the head of the branch of Wuhan, supervised Guo's direct responsibility for the illegal behavior of the multi -end conference fee; Wu Mou, the personnel of the personnel of the insurance channel development department, was responsible for the management responsibility for the illegal behavior of the multi -end conference fee; at the time Song Mou, manager of Ren Yinbao Business Development Department, is responsible for direct responsibility and management responsibility for illegal acts of virtual hanging business.

The ticket also shows that the China -British Life Insurance Hubei Branch concealed important situations related to the insurance contract. From January 2019 to September 2020, 14 insurance policies sold by Hubei Electric Power Center, Hubei Branch of China -British Life Insurance, have the problem of concealing the insured person's important situation related to the insurance contract. The first is not to explain or accurately explain the important content of the hesitation period and the exemption clause, involving 12 policies. Second, the impact of the policy loan on the insurance contract and the important content of the loan interest on the policy involved 2 copies of the insurance policy.

He was then responsible for direct responsibility and management of illegal acts.

In summary, the Hubei Banking Regulatory Bureau decided to impose a total of 410,000 yuan in administrative penalties for the Sino -British Life Insurance Hubei Branch; the administrative penalties of Wu and He would warn and fined 40,000 yuan, respectively. He warned and fined an administrative penalty of 10,000 yuan.

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