China-Singapore Jingwei Client, April 9th ​​According to the official website of the China Banking and Insurance Regulatory Commission, on the 8th, the General Office of the China Banking Regulatory Commission issued a notice on the in-depth development of the special work of managing chaos in the life insurance market.

The notice requires that the focus is on the treatment of activities such as false underwriting, false charges, false listings, false listings of people’s caps, and secretly paying commissions off the books.

　　The notice stated that, focusing on sales behavior, personnel management, data authenticity, internal control and other aspects, a special management of typical problems and key risks in the life insurance market will be carried out.

By investigating and punishing violations of laws and regulations and the corruption problems behind them in accordance with laws and regulations, in-depth analysis of the underlying causes of problems and risks, research and put forward fundamental measures to solve problems and resolve risks, and on this basis, reform institutional mechanisms and improve regulatory systems. Build a long-term mechanism to prevent and defuse risks and standardize market order, effectively protect the legitimate rights and interests of insurance consumers, enhance the image of the insurance industry, and promote the high-quality development of the life insurance industry.

　　The notice clarifies the key points of governance. In terms of sales behavior, it focuses on misleading consumers, alienating products, and mismanagement during the sales process; in terms of personnel management, it focuses on managing personnel management fraud, loose disorder and other behaviors.

In terms of data authenticity, the focus will be on the treatment of fraudulent underwriting, false charges, falsely linked business, falsely linked people’s caps, and secretly paying commissions off the books.

In terms of internal control, the focus is on the management of business control, financial control, executive performance, risk management, internal supervision and other problems.

　　The notice also gives work arrangements.

From April to May 2021, the head office of the life insurance company organizes all branches to compare governance priorities one by one.

From June to August 2021, the China Banking and Insurance Regulatory Bureau will strictly control the self-inspection and self-correction reports of life insurance institutions within its jurisdiction, and take the upper and lower linkages in conjunction with the self-inspection and self-correction reports of the territorial supervisory head office and the branches at the provincial level and below. , Carry out on-site inspections by "dissecting sparrows"

Before November 1, 2021, the China Banking and Insurance Regulatory Bureau shall submit a special work report to the Personal Insurance Supervision Department of the China Banking and Insurance Regulatory Commission. The report includes but is not limited to the organization and implementation, self-inspection and self-correction by the institution, supervision and random inspection handling, violations of laws and regulations and their reasons Analyze and improve the opinions and suggestions of related systems.

　　The China Banking and Insurance Regulatory Commission emphasized that it should conduct thorough investigations and be held accountable. The Banking and Insurance Regulatory Bureau shall scientifically arrange the entry time, keep a close eye on the links and areas where violations of laws and regulations are high and frequent, and carry out on-site inspections in accordance with laws and regulations to ensure that the inspection facts are clear, the evidence is complete, the qualitative accuracy is accurate, and the basis is appropriate. It is necessary to carry out necessary extended inspections on the problems found in the inspection involving intermediary business, and to investigate and deal with the institutions and responsible persons involved in the case at the same time. For violations of laws and regulations, they should be found and dealt with together, and the institutions and related responsible personnel should be seriously held accountable, and administrative penalties or corresponding supervision measures should be taken in accordance with the law; those that meet the transfer standards shall be resolutely transferred to public security, judicial, and supervisory agencies. (Zhongxin Jingwei APP)