On January 23, the Administrative Penalty Information Disclosure Form from the Xiaogan Supervision Branch of the National Financial Regulatory Administration revealed that the Anlu City Branch of China Life Property & Casualty Insurance Co., Ltd. was issued a warning and fined 5,000 yuan due to inadequate internal control management.
The relevant responsible person, Xie Peng, was also warned and personally fined 5,000 yuan.
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