On March 3, the China Banking and Insurance Regulatory Commission disclosed four administrative punishment decisions at one go, pointing to misleading sales such as exaggerating insurance liability.
The content shows that Industrial Bank Co.Ltd(601166) Credit Card Center, Hua Xia Bank Co.Limited(600015) Credit Card Center and credit card center of Guangdong Development Bank were fined 100000 yuan respectively because of misleading sales behaviors such as exaggerating insurance liability in the insurance sales outbound call business of acting for Sino US liantai Metropolitan Life Insurance Co., Ltd. At the same time, the company and relevant responsible persons were fined a total of 1.22 million yuan for the existence of two business premises of the head office without the approval of the regulatory authorities, and the exaggeration of insurance liability during sales in the telemarketing center.
The cbcirc said that the above facts are proved by the detailed list of insurance forms and insurance policies, the problem description of each form, the investigation records of the parties, the confirmation of facts and other evidence. During the statutory statement and defense period, the parties did not put forward their statement and defense opinions.
It is worth noting that in the ticket for Sino US liantai MetLife, there were misleading behaviors such as unclear expression of insurance liability and exaggeration of insurance liability in the outbound call business of many self built e-marketing centers of Sino US liantai MetLife, involving 166 businesses and a premium of 576200 yuan.
In this regard, the China Banking and Insurance Regulatory Commission imposed a fine of 300000 yuan on the China US liantai Metropolitan Life Corporation, a total fine of 610000 yuan on the eight telemarketing centers involved in violations, and a total fine of 270000 yuan on 10 relevant principals.
In addition, the two business premises of Sino US liantai Metropolitan Life Corporation were fined for matters that were not reported to the regulatory authorities for approval. The cbcirc imposed a total fine of 940000 yuan on Sino US liantai metropolitan life, 280000 yuan on the relevant person in charge, and 1.22 million yuan in the end.
