China Life Property and Casualty Insurance Company Limited Lincang Central Branch and related responsible persons were administratively punished for using insurance agents to fabricate insurance intermediary business to extract fees; financial data was not true, and false financial materials were prepared
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China Life Property Insurance Company Limited Lincang Central Branch was administratively punished by the Lincang Financial Supervision Bureau for fabricating insurance intermediary business to extract fees and preparing false financial materials, with a fine of 390,000 yuan. The responsible individuals Li Cunchang, Feng Runhua, and Ge Jun were warned and fined a total of 120,000 yuan
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