Engaging in cross-regional business activities and other illegal and irregular behaviors, Hu'an Insurance and its branches were fined a total of 4.81 million yuan.

LightningPacketLoss · 2026-03-07T13:50:12+00:00

Hu'an Property Insurance was fined a total of 4.81 million yuan for multiple illegal and regulatory violations and received a warning. Related responsible personnel were also given warnings and fines, totaling 840,000 yuan.

LightningPacketLoss

2026-03-07 13:50:12

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On February 27, the State Administration of Financial Supervision and Administration disclosed administrative penalty information showing that Hu’an Property & Casualty Insurance Co., Ltd. and related responsible personnel engaged in major illegal and non-compliant behaviors such as not using approved or filed insurance clauses and rates, submitting inaccurate data, and conducting cross-regional business. The Financial Supervision and Administration issued a warning and fined Hu’an Property & Casualty Insurance Co., Ltd. 3.86 million yuan, fined its Shandong branch 600,000 yuan, and fined its Fujian branch 350,000 yuan. They also issued warnings and fines totaling 840,000 yuan to Yuan Xiuqi, Wu Xianghua, Zhu Junwei, Liao Feizhou, Chen Weiwei, Wang Qiao, Wang Lujun, Yu Hua, Zhao Zhong’en, Feng Yi, Zhang Yuhua, Lu Zhihao, and Xu Pei.

(China Banking and Insurance Regulatory Commission)

(Editor: Qian Xiaorui)

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