Xi Niu Cai Jing·2025-11-26 08:41Group 1 - China Life Insurance Co., Ltd. Zhoushan Branch was fined 20,000 yuan for violations including the delegation of non-compliant personal agents and failure to effectively prevent illegal activities by these agents [2][3] - Responsible individuals, including Ye Yang and Yu Daijun, received warnings and fines of 10,000 yuan each, while Pan Yi was banned for life from the insurance industry [3] - Previous violations by China Life's subsidiaries include a fine of 10,000 yuan for the Jilin City Chuan Ying Branch due to similar issues, with the responsible individual also receiving a warning and fine [4] Group 2 - The regulatory body involved in the penalties is the National Financial Supervision and Administration Bureau Zhoushan Regulatory Branch [2][3] - The penalties reflect ongoing compliance issues within China Life Insurance, indicating a pattern of regulatory scrutiny [4]