Sunshine Agribusiness Insurance’s Jixi Central Branch and two insurance agencies were fined 250,000 yuan for issues including false underwriting and claims.

2026-04-09 11:58:40

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Blue Whale News, April 7 — Recently, the Jixi Supervision Branch of the National Financial Regulatory Administration issued a penalty notice, targeting Sunshine Agriculture Mutual Insurance Company’s Jixi Central Sub-branch, Insurance Society 855, Insurance Society 810, and their related persons responsible.

The penalty notice shows that the main illegal acts and irregularities (violation subject) of Sunshine Agriculture Mutual Insurance Company’s Jixi Central Sub-branch, Insurance Society 855, are: providing benefits to policyholders beyond what is agreed in the insurance contract.

In response to the above illegal acts and irregularities, the Jixi Supervision Branch of the National Financial Regulatory Administration imposed a fine of 150,000 yuan on it; it issued a warning to the director, Sun Tao, and imposed a fine of 40,000 yuan.

In addition, Sunshine Agriculture Mutual Insurance Company’s Jixi Central Sub-branch, Insurance Society 810, was fined 100,000 yuan for false underwriting and false claims; Director Wang Jijun and claims staff Wang Qi were given warnings.

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