PICC Property and Casualty Insurance Songgyuan Center Branch Fined 620,000 Yuan for Violations Including Fictitious Expenses and Fabricated Claim Documents

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2026-03-23 06:33:09

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Recently, the Jilin Regulatory Bureau of the China Banking and Insurance Regulatory Commission disclosed administrative penalty information showing that China United Property Insurance Co., Ltd. Songyuan Branch was fined 620,000 yuan for major violations such as falsely listing expenses, preparing false claims documents, not strictly implementing separate accounting for agricultural insurance, and some agents engaging in insurance agency work beyond their authorized scope. The responsible person, Jin Xuesi, was given a warning and fined 140,000 yuan.

(China Banking and Insurance Regulatory Commission)

(Edited by: Qian Xiaorui)

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