Due to irregularities in the recruitment management by agents, the Ruizhong Life Cangzhou Branch was fined a total of 195,000 yuan.
On January 16, the Hebei Supervision Bureau of the China Banking and Insurance Regulatory Commission released administrative penalty information indicating that the Cangzhou Zhongxin Branch of Rui Zhong Life Insurance Co., Ltd. was warned and fined 155,000 yuan for violations including improper promotion by agents, irregular management of agent recruitment, providing policyholders with benefits outside of insurance contracts, and falsification of business and financial data. Huanghe, the former general manager of the Cangzhou Zhongxin Branch of Rui Zhong Life Insurance Co., Ltd., was warned and fined 25,000 yuan. Xu Yanqing, a former agent of the Cangzhou Zhongxin Branch of Rui Zhong Life Insurance Co., Ltd., was warned and fined 5,000 yuan. Chen Panfeng, the former director of the bank-insurance channel business department at the Cangzhou Zhongxin Branch of Rui Zhong Life Insurance Co., Ltd., and an insurance agent, was warned and fined 10,000 yuan.
Latest
5 m ago

