Financial news from 10 on 13: According to the administrative penalty information published by the Fujian Financial Regulatory Bureau, Ping An Property & Casualty Insurance Company of China, Fujian Branch, was fined 50 yuan for failing to use insurance terms and premium rates as filed. Additionally, Chen Fuzhen was warned and fined 7 yuan, and Wu Haodong was warned and fined 7 yuan, both for the same violation.
Fine details:
Party Name | Main Violations | Administrative Penalty | Decision-Making Authority 1 Ping An Property & Casualty Insurance Company of China, Fujian Branch and Relevant Responsible Persons | Failure to use filed insurance policy terms and rates | Imposed a fine of 50 million yuan on Ping An Property & Casualty Insurance Company of China, Fujian Branch; issued warnings and imposed fines of 7 million yuan and 7 million yuan on Chen Fuzhen and Wu Haodong, respectively | Fujian Financial Regulatory Bureau
