Sunshine Life Xilin Gol Branch fined 170,000 yuan for falsely listing sales commissions to siphon funds

2026-03-10 12:12:34

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Blue Whale News, March 10 — Recently, the Xilin Gol Regulatory Branch of the China Banking and Insurance Regulatory Commission issued a fine targeting Sunshine Life Insurance Co., Ltd. Xilin Gol Center Branch and its responsible persons.

The fine notice states that the main illegal violations by Sunshine Life Insurance Co., Ltd. Xilin Gol Center Branch are: falsely listing sales commissions to inflate expenses, resulting in inaccurate financial and business data.

In response to these violations, the Xilin Gol Regulatory Branch of the China Banking and Insurance Regulatory Commission fined them 170,000 yuan; Huang Zheng (then Deputy General Manager [acting] of Sunshine Life Insurance Co., Ltd. Xilin Gol Center Branch) was warned and fined 30,000 yuan.

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