Feng Huang Wang Cai Jing·2025-10-29 02:57Core Points - China Life Insurance Fushun Branch was fined 430,000 yuan for three violations, including not using approved insurance terms and rates, providing benefits outside the contract to policyholders, and fabricating insurance intermediaries to extract fees [1][3] - The penalties also included warnings and fines for several executives, with the assistant general manager Liu Li and Shen Chao fined 55,000 yuan each, while general manager Chang Jiang and deputy general manager Li Feng were fined 10,000 yuan each [1][3] Violation Details - Violation 1: Failure to use approved or filed insurance terms and rates [3] - Violation 2: Agents providing policyholders with benefits outside the contract [3] - Violation 3: Fabrication of insurance intermediaries to extract fees [3] Penalties - Total fine imposed on China Life Insurance Fushun Branch: 430,000 yuan [1][3] - Fines and warnings issued to executives: - Liu Li (Assistant General Manager): 55,000 yuan fine and warning [3] - Shen Chao (Assistant General Manager): 55,000 yuan fine and warning [3] - Chang Jiang (General Manager): 10,000 yuan fine and warning [3] - Li Feng (Deputy General Manager): 10,000 yuan fine and warning [3]