China Life Property & Casualty 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 released by the Shenzhen Financial Regulatory Bureau on May 21, China Life Property & Casualty Insurance Shenzhen Branch and related responsible persons were administratively penalized by the Shenzhen Financial Regulatory Bureau for fabricating insurance intermediary business. Penalty details: a fine of 260,000 yuan for the institution, a warning and a fine of 80,000 yuan for Gu Huiming, a warning and a fine of 60,000 yuan for Chen Hualin, and a warning and a fine of 50,000 yuan for Qin Haiyan
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