Sunshine Agricultural Insurance’s Jixi Central Branch and two insurance associations were fined 250,000 yuan for issues including false underwriting and insurance claim handling.

NightAirdropper · 2026-04-09T18:41:55+00:00

The Jixi Supervision Branch of the National Financial Regulatory Administration issued a fine to Sunshine Agriculture Mutual Insurance Company, due to the 855 Insurance Society providing external benefits to policyholders, resulting in a fine of 150k yuan. Director Sun Tao was warned and fined 40k yuan; the 8510 Insurance Society was fined 100k yuan for false underwriting and claims, and the responsible persons were also warned.

NightAirdropper

2026-04-09 18:41:55

Abstract generation in progress

Blue Whale News, April 7 — Recently, the Jixi Supervision Branch of the China Banking and Insurance Regulatory Commission issued a fine, targeting Sunshine Agriculture Mutual Insurance Company Jixi Central Branch, Insurance Society 855, Insurance Society 810, and their related responsible persons.

The fine shows that the main illegal violations (grounds) of Sunshine Agriculture Mutual Insurance Company Jixi Central Branch, Insurance Society 855, are: providing policyholders with benefits beyond the terms of the insurance contract.

In response to the above illegal violations, the Jixi Supervision Branch of the China Banking and Insurance Regulatory Commission fined them 150k yuan; Director Sun Tao received a warning and a fine of 40k yuan.

Additionally, Sunshine Agriculture Mutual Insurance Company Jixi Central Branch, Insurance Society 810, was fined 100k yuan for false underwriting and false claims; Director Wang Jijun and claims staff Wang Qi were given warnings.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes