On January 3, the Shanxi Regulatory Bureau of the National Financial Supervisory Administration released administrative penalty information showing that Yingda Taihe Property Insurance Co., Ltd. Shanxi Branch was ordered to make corrections and fined 0.01 million yuan for cross-provincial underwriting of Safety Responsibility Insurance business and for extracting fees through fictitious insurance intermediary business; Yingda Taihe Property Insurance Co., Ltd. Lingqiu Branch was ordered to make corrections and fined 0.18 million yuan. The then manager of Yingda Taihe Property Insurance Co., Ltd. Lingqiu Branch, Cao Hua, was warned and fined 0.05 million yuan.
跨省承保安责险业务,英大财险山西分公司、灵丘支公司被罚
The Shanxi branch of Yingda Property Insurance and the Lingqiu branch have been fined for cross-provincial underwriting of Safety Responsibility Insurance business.
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