天安财险、天安人寿被吊销业务许可证，多名原高管终身禁业

Core Viewpoint - Tianan Insurance and Tianan Life have been officially penalized with the revocation of their business licenses due to serious violations, marking the end of their operations after being taken over by the former CBIRC in July 2020 [1][2]. Summary by Sections Violations and Penalties - Tianan Life and Tianan Insurance faced severe administrative penalties for issues including false governance reports, unauthorized executive appointments, and improper benefits to related parties [1]. - Specific violations for Tianan Insurance included failure to use approved insurance terms and rates, and providing false reports to regulators. Tianan Life was found to have false statements in board reports and mismanagement of compensation reports [1]. - Seven former executives from both companies received lifetime bans from the insurance industry, including notable figures such as Guo Yufeng and Gao Huanli [1][2]. Related Institutions - Other institutions under regulatory scrutiny, such as Huaxia Life and Yian Insurance, also faced penalties. Yian Insurance's 13 responsible personnel were fined 1.71 million yuan for misusing funds, while Huaxia Life's asset management company faced fines totaling 2.66 million yuan [2]. - Multiple individuals from these institutions received bans ranging from 3 to 10 years, along with warnings and fines [2]. Risk Management and Transition - Risk management plans for the affected insurance companies have been implemented. Zhonghui Life took over Tianan Life's liabilities and assets, while Sheneng Insurance acquired Tianan Insurance's business [3]. - Ruizhong Life assumed Huaxia Life's assets and liabilities, and Yian Insurance underwent bankruptcy restructuring, eventually being acquired by BYD and rebranded as BYD Insurance [3]. - Policyholders' rights will continue to be honored by the acquiring institutions [3].