Iron Bank Insurance Supervision and Punishment Decision [2021] No. 25
Name of the person punished: Liu Zhongyuan
Address: Huanggu District, City
ID number: 210411************
In accordance with the "Law of the People's Republic of China," the "Law of the People's Republic of China on Administrative Punishment," and other relevant provisions, the inspection team of the Tieling Branch of The Tieling Branch of Huaan Insurance conducted an on-site inspection of the Tieling Central Branch of Huaan Insurance, and our sub-bureau conducted a case investigation and trial of the case of the Tieling Central Branch of Huaan Insurance operating "false hanging and fictitious intermediary business arbitrage handling fees and false listing of fees", and informed the parties of the facts, reasons, and basis for the administrative punishment and the rights enjoyed by the parties in accordance with the law. The case is now closed.
The on-site inspection team of the Tieling Branch Bureau found that the parties had the following violations of laws and regulations:
From January 1, 2021 to the date of the inspection, the parties presided over the comprehensive work of Huaan Insurance Tieling Central Branch Company, and the company's on-site inspection of automobile insurance "fictitious intermediary business arbitrage fees" violated the provisions of Article 116, Item 10 of the Insurance Law of the People's Republic of China, and "false expenses caused by untrue financial data" violated Article 86 of the Insurance Law of the People's Republic of China, and the parties should be directly liable.
The above facts are corroborated by the following evidence:
The Decision on the Appointment and Dismissal of Liu Zhongyuan and Other Comrades (Huabao Liaofa [2021] No. 2), "Explanation on the Business Management of Huaan Insurance Tieling Center Branch", proves that the parties presided over the overall work of the company from January 1, 2021 to the date of inspection, and were directly responsible for the above-mentioned illegal acts.
According to Article 171 of the Insurance Law: "Where an insurance company, insurance asset management company, insurance professional agency or insurance broker violates the provisions of this Law, the insurance regulatory authority shall, in addition to imposing penalties on the unit in accordance with the provisions of Articles 160 to 170 of this Law, give a warning to the directly responsible supervisor and other directly responsible personnel, and impose a fine of not less than 10,000 yuan but not more than 100,000 yuan; Where the circumstances are serious, the qualifications for the post shall be revoked" provisions, and the following administrative penalties shall be imposed on the parties concerned:
Warning and fine of 10,000 yuan.
The parties concerned shall, within fifteen days from the date of receipt of this penalty decision, take the payment code (which shall be notified when the penalty decision is served) to any of the 12 correspondent banks designated by the Ministry of Finance to make payments. Overdue due, a daily fine of 3% of the amount of the fine will be imposed.
If you are dissatisfied with this administrative punishment decision, you may apply to the China Yin liaoning Regulatory Bureau for administrative reconsideration within 60 days of receiving this penalty decision, and you may also file a lawsuit with a people's court with jurisdiction within six months of receiving this penalty decision. Enforcement of this decision shall not be suspended during the period of reconsideration or litigation.
Tieling Banking and Insurance Regulatory Bureau
November 15, 2021
(Editor-in-Charge: Sijia Liu)
【Source: China Banking and Insurance Regulatory Commission website】
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