14 the insurance company was accused of cashing out its intermediary business in violation of regulations, and the CIRC ordered it to rectify.
According to the press release released on the website of the China Insurance Regulatory Commission yesterday, a total of 14 insurance companies received supervision letters respectively. According to the CIRC, in the 20 1 1 annual inspection, 80 institutions of the above-mentioned 14 companies violated laws and regulations, "mainly manifested in illegally obtaining funds by means of fictitious intermediary business, fictitious salespeople and fictitious intermediary business expenses". The CIRC requires all companies to strictly follow the Guiding Opinions on Investigating the Responsibility of Insurance Institutions and internal systems, especially the accountability, internal handling and internal notification of senior managers and managers of higher institutions. It is necessary to deploy and carry out self-examination and self-correction of the compliance of intermediary business of provincial companies, thoroughly screen false intermediary business, and comprehensively clean up unqualified and irregular intermediary business channels and institutions. On the basis of self-examination and self-correction of provincial companies, the head office should further organize spot checks to ensure that the self-examination and self-correction work of grass-roots institutions is in place.
The CIRC also requires all insurance companies to submit a report on the implementation of rectification including accountability, self-examination and self-correction, and strengthening system construction to the CIRC before February 28, 20 12.
Comparing the press releases of the China Insurance Regulatory Commission last year and this year, it is found that the number of insurance companies required to rectify this year is the same as last year, but the related companies are slightly different.
Xinhua Life Insurance Company, which just went public, was included in the scope of rectification this year. In addition, two life insurance companies, Xintai Life Insurance and Sunshine Life Insurance, and three property insurance companies, namely Yong 'an Property Insurance Co., Ltd., Yongcheng Property Insurance Co., Ltd. and Min 'an Insurance China Co., Ltd., are also new companies that have received supervision letters this year.
The other eight insurance companies that received letters of supervision are: China People's Property Insurance Co., Ltd., China Ping An (60 13 18) Property Insurance Co., Ltd., Dubang Property Insurance Co., Ltd., China Dida Property Insurance Co., Ltd., China Life Insurance Co., Ltd. (60 1628) Property Insurance Co., Ltd., and.
Compared with the press release issued by the China Insurance Regulatory Commission last year, the number of insurance companies involved in this supervision letter increased from 36 last year to 80, and the total fine increased from 9.89 million yuan to 6.5438+0006 million yuan. However, the number of those responsible for warning dropped from 86 last year to 79, the number of people fined dropped from 85 to 78, and the amount of fines dropped from 2192,000 yuan to 190 1000 yuan.
The so-called insurance intermediary refers to the unit or individual that specializes in insurance business consulting, sales and other intermediary services between insurance institutions or between insurance institutions and policyholders, and obtains commissions or handling fees from them according to law. Due to the implementation of the new regulations on bancassurance, insurance intermediary business has increasingly become the main channel for insurance companies. According to the data of China Insurance Regulatory Commission, in the first half of 20 1 1, the national insurance companies realized 704.263 billion yuan in premium income through insurance intermediary channels, accounting for 87.48% of the total premium income in the same period. However, as a result, the irregular phenomenon of intermediary business is becoming more and more serious.
In the annual inspection of 20 1 1, 80 institutions of the above-mentioned 14 companies violated laws and regulations, mainly by means of fictitious intermediary business, fictitious salespeople, fictitious intermediary business expenses and so on to obtain funds illegally. The relevant insurance regulatory bureaus imposed a total fine of 6.5438+0.006 million yuan on the above 80 institutions according to law, gave two warnings, and ordered six institutions to stop accepting new business, involving three businesses and three sales channels; 79 responsible persons were warned according to law, and 78 people were fined 1, 906,5438+0,000 yuan. At the same time, two illegal clues, such as tax evasion, will be transferred to the tax authorities according to law. On this basis, supervision letters were issued to 14 insurance companies, further requiring legal institutions to take measures in self-examination, self-correction, improvement of internal management control, improvement of information system construction, strict internal accountability, system implementation, etc., to comprehensively regulate intermediary business operations and urge them to establish legal, true and transparent cooperative relations with insurance intermediaries.
This is the second time that the CIRC has issued a supervision letter to the insurance head office on the illegal intermediary business of insurance grass-roots companies. The CIRC conducted in-depth inspections on intermediary business of insurance companies, severely dealt with a number of illegal institutions and responsible personnel according to law, and issued warnings to the whole industry.
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