Insurance Supervision

 Beginning of this year, insurance companies, the insurance intermediary business regulatory violations once again become the focus of attention. January 6, the CIRC issued a year's intermediary business for the insurance company investigation and punishment of illegal activities and concentrate on the insurance agency market to carry out rectification. This also means that a number of serious law violations, and management agent of chaos will be cleared in 2011 the insurance market.

Check key lock eight

present, China's insurance market, many insurance agencies, business size is generally small, the overall market structure is more confusion. Moreover, insurance agencies and insurance companies colluded with each other, common law violations, serious violations of the insurance consumer interests at the same time, the insurance industry, social integrity and reputation also suffered serious erosion.

arranged according to China Insurance Regulatory Commission, the first half of 2011, the Insurance Regulatory Bureau insurance companies will continue to carry out special inspections of intermediary business for insurance companies and insurance intermediaries in the financial aspects of business illegal, untrue, opaque partnership focused on investigating insurance companies and intermediaries use of intermediary business fraud, inflated costs, illegal taking of funds and other outstanding issues. Second half of 2011, the Insurance Regulatory Commission will address the current insurance market, insurance agencies and more small businesses, the chaotic situation of market structure, as well as insurance agencies and insurance companies collude illegal prominent problems such as widespread and serious, with special inspection work and concentrate on the insurance agency market to carry out rectification.

According to report, China Insurance Regulatory Commission this year, the specific focus of the locked check the following 8 categories: business transfer will be directly linked to insurance intermediaries taking of funds; will be directly linked to insurance salesmen Transfer of cash in the name of funds; inflated Insurance Members of the head of marketing cash in funds; through intermediaries, false invoices and inflated cash in the business of funds management fees; colluding intermediaries false surrender, taking of a false claim funds; through intermediaries to the interests of the entities and individuals associated with the illegal transfer of interest; to taking of funds to establish small exchequer, embezzle, embezzlement, job occupation, etc.; use of intermediaries illegal business and intermediary channels and other related issues.

upward accountability to the Head

check in the previous two years, the insurance company intermediary business quickly exposed to all sorts of illegal acts in front of regulators, a group of illegal organizations and individuals have also been severely punished by regulators. It is also valuable experience, consolidate and expand the investigation results for the year to do a solid groundwork.

Each insurance shall be in accordance with the check thoroughly and less re-investigation at the request of entire areas in a site inspection, and down one of the principles of administrative penalties, in principle, the selected area in a provincial branches of the insurance company as the subject's and to carry out the relevant branch of its own on-site inspection by the Insurance Regulatory Commission extended the number of independent branches of family decisions, but at least one. In addition, the China Insurance Regulatory Commission will also investigate the results of the Board on the basis of the relevant insurance company pooled analysis of grass-roots institutions illegal situation, targeted to the relevant head office for inspection and accountability.

focus Mocha

specialization. According to CIRC

person in charge of relevant departments, in the second half of the revamp, the regulators will be six categories of insurance agencies to clean up, already unable to contact the insurance professional agency in name only; the internal management of confusion, long-term normal operation of the business of insurance can not be professional agencies; for relevant agencies or individual sets of charges, unlisted business, the establishment of small treasuries and other professional agencies insurance billing; the insurance agency business insurance company called false invoices, illegal sets take all kinds of insurance agency funds; license invalid types of insurance agent and the presence of other serious illegal activities, it is necessary to clean up the various insurance agencies. In addition, fictitious intermediary business for insurance companies, false invoices for the illegal taking of the insurance company funds, misappropriation of premiums occupation, relying on administrative resources and a strong industry monopoly interests of the insured against acts of unfair competition and commercial bribery, in connection pyramid schemes and illegal fund-raising behavior, disrupting the normal order of the insurance market are classified as acts of serious bias in the second half of the consolidation point.

conduct a comprehensive clean-up, in particular, to ascertain the level of key executives and their relatives, such as spouses, parents, children, brothers and sisters, and investment shares or the actual control situation of the insurance professional agencies to identify whether the law accurately disclosed. 

timely disclosure of strict punishment

It is understood that the special inspection will mainly focus on the insurance companies and intermediary institutions and cooperative relations is true, legal and other content, and straighten out the priorities for the insurance agency and insurance companies collude with each other, serious illegal prominent problems.

deterrent, warning effect. shall not delay or hinder various reasons. should take the initiative to strengthen public security, tax, business, and judicial departments of communication and coordination for support.

is noteworthy that, according to CIRC, investigation is concluded, the insurance regulatory area will be notified in time for the special inspection and rectification of the results while the illegal disclosure to the news media investigation of the cases, and thereby play the role of public opinion to expand the social influence.