On April 15, the Jiangmen branch of China Life Property & Casualty Insurance Company Limited was fined a total of 500,000 yuan by the Jiangmen regulatory bureau of the National Financial Regulatory Administration. The penalties were imposed for providing policyholders with benefits outside those stipulated in insurance contracts and for maintaining inaccurate financial records. Additionally, the responsible individual, Zeng Kaifei, received a warning and was fined a total of 110,000 yuan.
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