Industry warning: lifetime ban for fictitious intermediary activities

Strengthen compliance oversight for intermediaries and build a solid foundation of industry integrity.

Regulators have imposed lifetime bans on entities engaged in fictitious insurance intermediary activities to purify the market. Such violations not only disrupt normal operations but also seriously harm consumers' rights and undermine industry credibility, underscoring the critical role of compliance management in institutional operations.

• Do not attempt to obtain fees or commissions through fraudulent channels.
• Prevent fictitious intermediary transactions from masking genuine trade backgrounds.
• Strengthen institutional accountability and improve internal audit mechanisms.

Professionals must internalize these lessons and uphold ethical standards. Institutions should strengthen routine training and compliance reviews to ensure business processes are transparent and traceable. For specific insurance products and service terms, refer to the insurance contract and regulatory requirements to avoid legal risks from non-compliant practices.