On January 10th, the Shenzhen Financial Regulatory Bureau released administrative penalty information indicating that Guoren Property Insurance was fined 1 million yuan for providing false data and not using the filed insurance terms and premium rates as required. Li Rui, the then-general manager of the Health Insurance Division/Operation Management Department of Guoren Property Insurance, was warned and fined 140,000 yuan.
因数据不真实等,国任财险合计被罚114万元
Due to untruthful data, Guoren Property Insurance was fined a total of 1.14 million yuan.
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