On December 12, the Beijing branch of the National Financial Regulatory Administration disclosed administrative penalties against several insurance intermediaries.
Farsight Stone Insurance Broker Co., Ltd. and related personnel were penalized for non-compliant use of bank accounts. The company received a warning and a fine of 10,000 yuan, while its responsible individual, Zhang Lu, was also warned and fined 10,000 yuan.
Fonde Insurance Agency Co., Ltd. and its personnel were found operating beyond approved business regions and making exaggerated claims in promotional materials. The agency was warned and fined 60,000 yuan, with its responsible individual, Xing Yao, receiving a 40,000 yuan fine and a warning.
JD Insurance Agency Co., Ltd. (affiliated with JD.com) and its personnel were similarly penalized for improper bank account usage, resulting in a 10,000 yuan fine and warning for both the company and its responsible individual, Jiang Wei.
Beijing Zhonghe Sihai Insurance Agency Co., Ltd. and its personnel faced identical penalties—a 10,000 yuan fine and warning—for bank account violations, with its responsible individual, Guo Zhiyuan, also fined and warned.
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