10 10 Financial News: According to the administrative penalty information published by the Zhejiang Financial Regulatory Bureau, Hangzhou Branch of Dajia Property Insurance Co., Ltd. was fined 35 million yuan for failing to use approved or filed insurance terms and rates as required. Additionally, Wu Kaihui was warned and fined 7 million yuan for the same violation.
Fine details:
No. Party Name Principal Illegal Acts Administrative Penalty Decision-Making Authority 1 Dajia Property Insurance Co., Ltd. Hangzhou Branch and Relevant Responsible Persons Failure to use insurance clauses and rates that have been approved or filed as required. Fine of 35 million RMB imposed on Dajia Property Insurance Co., Ltd. Hangzhou Branch; warning and fine of 7 million RMB imposed on Wu Kaihui. Zhejiang Financial Regulatory Bureau 2 Dajia Property Insurance Co., Ltd. Zhejiang Branch and Relevant Responsible Persons Failure to use insurance clauses and rates that have been approved or filed as required, among other violations. Warning and fine of 41 million RMB imposed on Dajia Property Insurance Co., Ltd. Zhejiang Branch; warning and fine of 8 million RMB imposed on Xing Lai; warning and fine of 0.8 million RMB imposed on Chen Hu. Zhejiang Financial Regulatory Bureau 3 Sunshine Property Insurance Co., Ltd. Zhejiang Branch and Relevant Responsible Persons Failure to use insurance clauses and rates that have been approved or filed as required, among other violations. Fine of 90 million RMB imposed on Sunshine Property Insurance Co., Ltd. Zhejiang Branch; warning and fine of 15 million RMB imposed on Ye Sheng. Zhejiang Financial Regulatory Bureau
