What are the common illegal acts of insurance companies?

Legal analysis: * * * There are thirteen kinds, that is, deceiving the insurer, concealing important information related to the insurance contract, giving kickbacks, refusing to perform the compensation agreed in the insurance contract according to law, defrauding the insurance premium, misappropriating, withholding, encroaching on the insurance premium, fabricating and disseminating false information, and other acts that violate laws, administrative regulations and the provisions of the State Council insurance supervision and management institutions. An insurance company shall, in accordance with the provisions of the the State Council Insurance Regulatory Authority, formulate insurance clauses and insurance rates fairly and reasonably, and shall not harm the legitimate rights and interests of the applicant, the insured and the beneficiary. An insurance company shall, in accordance with the provisions of the contract and this Law, fulfill its obligation to compensate or pay insurance benefits in a timely manner. Insurance companies should follow the principle of fair competition in conducting business and must not engage in unfair competition.

Legal basis: Article 116 of the Insurance Law of People's Republic of China (PRC), an insurance company and its staff shall not commit the following acts in insurance business activities:

(1) Deceiving the applicant, the insured or the beneficiary;

(2) Concealing important information related to the insurance contract from the applicant;

(3) Obstructing the applicant from fulfilling the obligation of truthful disclosure as stipulated in this Law, or inducing him not to fulfill the obligation of truthful disclosure as stipulated in this Law;

(four) to give or promise to give the insured, the insured and the beneficiary insurance premiums or other benefits other than those stipulated in the insurance contract;

(5) Refusing to perform the obligation of compensation or payment of insurance benefits as stipulated in the insurance contract according to law;

(6) Deliberately fabricating an insurance accident or a fictitious insurance contract that has never happened, or deliberately exaggerating the loss of an insurance accident that has happened, making false claims, defrauding insurance money or seeking other illegitimate interests;

(seven) misappropriation, interception and occupation of insurance premiums;

(8) Entrusting an institution without legal qualifications to engage in insurance sales activities;

(9) Seeking illegitimate interests for other institutions or individuals by conducting insurance business;

(ten) the use of insurance agents, insurance brokers, insurance assessment agencies to engage in fictitious insurance intermediary business, fabricated surrender and other illegal activities;

(eleven) fabricating and spreading false facts to damage the business reputation of competitors, or disrupting the order of the insurance market by other unfair competition methods;

(12) disclosing the business secrets of the applicant and the insured that are known in business activities;

(thirteen) other acts in violation of laws, administrative regulations and the provisions of the the State Council insurance regulatory agency.