Date
17 August 2018

PICC Life units fined for irregularities, govt says

China’s insurance regulator has fined two provincial units of PICC Life Insurance Co. Ltd. for various irregularities, it said in a statement on its website Tuesday. The branches are in Xian, Shanxi province, and Huanggang, Hubei province. They were fined 250,000 yuan (US$40,956) and 300,000 yuan, respectively, for offenses ranging from forged contact numbers to irregular policies. More than 8,000 insurance policies were involved, the statement said.  

– Contact HKEJ at [email protected]

MY/AC/RA

 

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