吊销业务许可证，这家险企+23人被罚

Core Viewpoint - The regulatory authority has revoked the business license of Huaxia Life Insurance Co., Ltd. due to serious violations, marking a significant action against the "Tomorrow System" insurance companies [1][2]. Group 1: Violations and Penalties - Huaxia Life Insurance was found to have significantly inflated its solvency, misused funds, and submitted reports with false information and major omissions [1]. - A total of 23 individuals, including former chairman Li Fei and former general manager Zhao Ziliang, received various penalties, including warnings, fines totaling 2.32 million yuan, and bans from the insurance industry for varying durations [3]. Group 2: Asset Transfer - The assets and liabilities of Huaxia Life Insurance have been transferred to a newly established company, Ruizhong Life Insurance Co., Ltd., which has a registered capital of 56.5 billion yuan, 3.7 times that of Huaxia Life Insurance [4]. - Ruizhong Life Insurance has taken over all business, assets, rights, liabilities, and personnel from Huaxia Life Insurance as of January 1, 2023 [4]. Group 3: Shareholding Changes - In April 2023, the regulatory authority approved the change of shareholding in Huaxia Jiuying Asset Management, allowing Ruizhong Life Insurance to acquire 99% of its shares from Huaxia Life Insurance [5].