CPIC Property Insurance was administratively punished for fabricating insurance intermediary business along with related responsible persons
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According to the administrative penalty information disclosure form from the Shenzhen Financial Regulatory Bureau released on May 21, Taibao Property & Casualty Insurance Shenzhen Branch and related responsible persons were administratively punished by the Shenzhen Financial Regulatory Bureau for fabricating insurance intermediary business. Penalty details: a fine of 300,000 yuan for the institution; a warning and a fine of 80,000 yuan for Zhang Xiaonan; a warning and a fine of 30,000 yuan for Tan Hui
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