Tai Bao Life Insurance and related responsible persons were collectively fined more than 4 million yuan.

On July 11th, the China Banking and Insurance Regulatory Commission announced a list of administrative penalties, showing that China Pacific Insurance Group Co., Ltd. and relevant personnel were fined a total of 4.23 million yuan for violations such as not using approved or filed insurance terms and rates as required, providing insured parties with benefits beyond the contract agreement, and submitting inaccurate reports and data.