Feng Huang Wang Cai Jing·2025-10-29 03:04Core Points - China Life Property & Casualty Insurance's Wanzhou branch was fined 800,000 yuan for financial misconduct, including false underwriting of agricultural insurance and fraudulent claims [1][2] - Key individuals involved in the violations faced various penalties, including lifetime bans and fines [1][3] Summary by Category Violations - The company was penalized for two main violations: 1. False underwriting of policy-based agricultural insurance 2. Fraudulent claims to obtain insurance payouts and other improper benefits [1][2] Penalties - The total fine imposed on China Life Property & Casualty Insurance's Wanzhou branch was 800,000 yuan [2] - Specific penalties for individuals involved include: - Zhang Guorong, an agricultural insurance agent, received a lifetime ban from the insurance industry [1] - Other officials, including the branch manager and assistant manager, received warnings and fines ranging from 40,000 to 50,000 yuan [1][3] - Additional staff members received fines of 20,000 yuan each for their involvement in the misconduct [1][3]