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Ping An Life Yangquan Branch was fined 55,000 yuan, and the responsible person was fined 50,000 yuan.
Blue Whale News March 27 report: Recently, the National Financial Regulatory Administration Yangquan Regulatory Branch issued a penalty notice, targeting Ping An Life Insurance Co., Ltd. Yangquan Central Branch and its relevant responsible persons.
The penalty notice shows that the main illegal and non-compliant facts (case subject) of Ping An Life Insurance Co., Ltd. Yangquan Central Branch are: inadequate internal control management; inadequate management of the authenticity of insurance agents’ identities.
In response to the above illegal and non-compliant conduct, the National Financial Regulatory Administration Yangquan Regulatory Branch ordered it to make corrections, issued a warning and imposed a fine of 55,000 yuan; for business director Shi Xuefang of Ping An Life Insurance Co., Ltd. Yangquan Central Branch, issued a warning and imposed a fine of 50,000 yuan.