News Regulations26 Jul 2019

China:Regulator orders 20 general insurers to fix 'flawed' policies


The China Banking and Insurance Regulatory Commission (CBIRC) has ordered 20 property and casualty insurers to curtail the sale of flawed polices and make amendments after it recently conducted an off-site inspection of the terms and rates of 1,500 policies that have been filed for regulation, reported Shanghai Daily. Among these insurers, 11 underwriters were also banned from filing new protection plans for three to six months.

Archived articles are available to Magazine subscribers only.

If you are already a subscriber

OR sign-up for a trial access here

For Full Access to the magazine SUBSCRIBE here.

Note that your comment may be edited or removed in the future, and that your comment may appear alongside the original article on websites other than this one.

 
Error : Object reference not set to an instance of an object.

Recent Comments

Other News


Follow Asia Insurance Review