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Zhonghui Life Insurance Jilin Branch fined 220,000 yuan for involving false financial data
Blue Whale News, March 25 — Recently, the Jilin Regulatory Branch of the China Banking and Insurance Regulatory Commission issued an administrative penalty notice targeting Zhonghui Life Insurance Co., Ltd. Jilin Branch.
The penalty notice states that the main illegal and non-compliant behavior of Zhonghui Life Insurance Co., Ltd. Jilin Branch was: falsification of financial data.
In response to these issues, the Jilin Regulatory Branch of the China Banking and Insurance Regulatory Commission fined them 220,000 yuan. Additionally, Li Zhenjing, Assistant General Manager of the Changchun Business Headquarters of Zhonghui Life Insurance Co., Ltd., received a warning and a fine of 40,000 yuan.