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Dadi Property Insurance Xianyang Branch was fined 198,000 yuan for providing benefits outside the scope of the contract.
Blue Whale News, March 17 — Recently, the Xi’an Regulatory Branch of the China Banking and Insurance Regulatory Commission issued a fine targeting China Continent Property & Casualty Insurance Co., Ltd. Xi’an Central Branch and its responsible personnel.
The fine indicates that the main violation by China Continent Property & Casualty Insurance Co., Ltd. Xi’an Central Branch was providing benefits beyond those stipulated in the insurance contract.
In response to these violations, the Xi’an Regulatory Branch of the China Banking and Insurance Regulatory Commission fined the company 198,000 yuan; and issued a warning and a fine of 48,000 yuan to Shi Jinhua, a service specialist in the company’s new retail channel.