Zhongxin Jingwei client on February 26, according to the news on the website of China Banking and Insurance Regulatory Commission (CIRC) on the 26th, a few days ago, the relevant department heads of CIRC answered the reporter’s questions on the recent media concerns related issues. In the next step, the Heilongjiang Banking and Insurance Regulatory Bureau will combine the verification of complaints and reports with the investigation of violations of laws and regulations, comprehensively investigate the related businesses of China Life in Heilongjiang Province, and severely punish relevant institutions and persons responsible according to the law, the official said.
A reporter asked:
A person in charge of a related department of China Banking and Insurance Regulatory Commission said that after the incident, China Banking and Insurance Regulatory Commission attached great importance to it and required Heilongjiang Banking and Insurance Regulatory Bureau to immediately set up a special working group to carry out the investigation. In the early stage, Heilongjiang Banking and Insurance Regulatory Bureau Heihe Branch inspected the Nenjiang Branch of China Life Insurance in Heihe City in accordance with the law in view of the problems reported by the informant, and imposed administrative punishment on the verified violations of laws and regulations. At the same time, the CBRC instructed China Life Insurance Company to conduct in-depth investigation on the problem clues, conduct comprehensive self-examination, step up accountability and accountability, and effectively protect the legitimate rights and interests of consumers and employees. At present, China Life has made specific arrangements and is stepping up the relevant work.
The person in charge pointed out that in recent years, CBRC has been committed to remediation of the bancassurance market chaos and strengthening the protection of consumers’ rights and interests. In 2020, the system punished 3,178 banking and insurance institutions and 4,554 persons in charge, with a total fine of 2.275 billion yuan. In December 2020, the executive meeting of the State Council deployed measures to expand the coverage and improve the quality and steady development of the personal insurance industry. The Banking and Insurance Regulatory Commission will fully implement the decisions and arrangements of the CPC Central Committee and the State Council, further deepen reform and strengthen supervision, resolutely address the industry’s chronic diseases and market disorders, and promote the high-quality development of the personal insurance industry. (Xin Xin Jingwei APP)