4月保险业累计被罚1800余万元

Core Insights - In April, the insurance industry faced penalties totaling 18.73 million yuan, with four individuals banned for life from the industry and one having their qualifications revoked [1] Regulatory Actions - The penalties were imposed by the Financial Regulatory Authority and its local branches, indicating a strong regulatory stance against misconduct in the insurance sector [1] - The main violations included offering benefits outside of contracts, deceiving policyholders, providing false information, fabricating business to extract funds, improper use of insurance terms or rates, and inaccurate financial data [1] Areas of Concern - The violations primarily affected key operational areas such as financial data management, sales and claims processes, internal controls and compliance, employee conduct management, and corporate governance [1]