投保即退保，佣金变“横财”？7人获刑！

Core Viewpoint - The case highlights a fraudulent scheme in the insurance industry involving high commission returns and short-term policy cancellations, leading to significant financial losses for the insurance company [1][18]. Case Overview - In April 2020, A Insurance Company signed an agreement with B Insurance Brokerage Company to sell insurance products, with provisions for commission payments and penalties for short-term cancellations [3][21]. - In July 2020, an individual named Song took over a branch of B Insurance Brokerage and discovered that certain insurance products offered commissions that exceeded the initial premiums, prompting him to exploit this for profit [3][22]. - Song and his associates misled individuals into purchasing insurance policies without genuine intent to maintain them, facilitating short-term cancellations to extract commissions [3][22]. Legal Proceedings - In July 2023, B Insurance Brokerage reported Song to the police due to a surge in short-term cancellations, leading to a claim of 20 million yuan from A Insurance Company [4][23]. - Between October 2020 and May 2022, Song and his associates developed 18 policyholders, resulting in a total premium of over 17.63 million yuan and a commission of the same amount, causing A Insurance Company a loss of over 5.84 million yuan [5][23]. Court Ruling - The court found that Song and his associates engaged in contract fraud by fabricating the intent of policyholders and concealing their true motives, leading to significant financial damages for A Insurance Company [6][24]. - Song was sentenced to 12 years in prison and fined 350,000 yuan, while the other six defendants received varying sentences and fines [6][24]. Industry Implications - The case underscores the vulnerabilities in the insurance sector, where some practitioners exploit regulatory loopholes for fraudulent activities, disrupting market order and undermining trust [10][28]. - It emphasizes the need for industry professionals to adhere to ethical standards and for regulatory bodies to tighten oversight to prevent similar fraudulent schemes [13][31].