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Zhonghua United Property & Casualty Insurance Co., Ltd. Guanghe Branch fined 6 million yuan for using insurance business to secure improper benefits for individuals and others.

The Linxia Financial Regulatory Branch fined Zhonghua United Property & Casualty Insurance Company's Guanghe County Branch 6 yuan for obtaining improper benefits through insurance business, leading to a criminal case. Ma Zhide, the then-manager, received a warning and was fined 1.1 yuan. Ma Yu, the claims investigation assistant, was banned from entering the insurance industry for 3 years and fined 0.2 yuan.

AUTHORSina Finance
DATE2026-10-12
VIEWS3349 views
COLUMNPublish Information
Zhonghua United Property & Casualty Insurance Co., Ltd. Guanghe Branch fined 6 million yuan for using insurance business to secure improper benefits for individuals and others.

10 12: According to the administrative penalty information published by the Linxia Financial Regulatory Branch, Zhonghua United Property Insurance's Guanghe County Branch has been ordered to correct violations and fined 6 thousand yuan for using insurance business operations to secure illegitimate benefits for individuals and others, leading to criminal cases.

Additionally, Ma Zhide (then-manager of the Guanghe Branch of China United Property Insurance) was warned and fined 1.1 thousand yuan for using insurance business to secure illegitimate benefits for himself and others, leading to criminal cases. Ma Yu (then-claims investigation staff at the Guanghe Branch) was warned, fined 0.2 thousand yuan, and banned from entering the insurance industry for 3 years for similar violations.

Fine details:

No. Party Name Administrative Penalty Decision No. Main Illegal and Non-compliant Acts Administrative Penalty Content Authority Making the Decision 1 Zhonghua United Property Insurance Co., Ltd. Guanghe Branch Decision [20XX] No. 2026-1 Improperly seeking benefits for oneself or others through insurance business activities, leading to criminal cases and other violations. Ordered to correct and fined RMB 6 million yuan. Linxia Financial Regulatory Bureau 2 Ma Zhide (Former Manager of Zhonghua United Property Insurance Co., Ltd. Guanghe Branch) Decision [20XX] No. 2026-2 Improperly seeking benefits for oneself or others through insurance business activities, leading to criminal cases and other violations. Warning issued and fined RMB 1.1 million yuan. 3 Ma Yu (Former Claims Investigation Staff of Zhonghua United Property Insurance Co., Ltd. Guanghe Branch) Decision [20XX] No. 2026-3 Improperly seeking benefits for oneself or others through insurance business activities, leading to criminal cases and other violations. Warning issued, fined RMB 0.2 million yuan, and banned from the insurance industry for 3 years.

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