Sanya Branch of China Continent Property & Casualty Insurance Fined 100,000 Yuan for Failing to Strictly Implement Approved or Filed Insurance Terms and Rates

Deep News11-13 21:30

On November 13, according to a financial news report, the Sanya Regulatory Sub-bureau of the National Financial Regulatory Administration published an administrative penalty information disclosure form showing that the Sanya Central Sub-branch of China Continent Property & Casualty Insurance Co., Ltd. and relevant responsible personnel were penalized for failing to strictly implement approved or filed insurance terms and rates.

The Sanya Central Sub-branch of China Continent Property & Casualty Insurance Co., Ltd. was fined 100,000 yuan; Wang Xuezhu was given a warning and fined 10,000 yuan.

No. Party Name Major Violations and Irregularities Administrative Penalty Content Decision-Making Authority 1 Sanya Central Sub-branch of China Continent Property & Casualty Insurance Co., Ltd. and relevant responsible personnel Failure to strictly implement approved or filed insurance terms and rates A fine of 100,000 yuan imposed on the Sanya Central Sub-branch of China Continent Property & Casualty Insurance Co., Ltd.; a warning and a fine of 10,000 yuan imposed on Wang Xuezhu. Sanya Regulatory Sub-bureau of the National Financial Regulatory Administration

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