Economic Observation Network On July 10th, the administrative penalty information disclosure list released by the Liaoyang Financial Supervision Bureau showed that the Liaoyang Central Branch of Xinhua Life Insurance Co., Ltd. was ordered to make corrections, warned, and fined RMB 480000 for not using approved or filed insurance terms and premium rates in accordance with regulations, and for not managing agents properly, due to providing benefits outside the insurance contract to policyholders