China Shoucai Insurance Co., Ltd. Liaoyang Central Branch was fined 230000 yuan for providing benefits to policyholders beyond those stipulated in the insurance contract

2026-07-10 18:28

Economic Observation Network On July 10th, the administrative penalty information disclosure list released by the Liaoyang Financial Supervision Bureau showed that China Life Insurance Co., Ltd. Liaoyang Central Branch was ordered to rectify, warned, and fined RMB 230000 for providing policyholders with benefits beyond the insurance contract, fabricating intermediary business to obtain transaction fees, cross provincial underwriting of employer liability insurance, and non-standard agent management

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