News Asia30 Apr 2014

China:Regulator to clean up insurance intermediary sector

30 Apr 2014

The China Insurance Regulatory Commission (CIRC) has announced that it has started action to clean up the insurance intermediary market in the country, to clamp down on mis-selling, rule violations, fraudulent claims, unauthorised amassing of funds, and other malpractices. The exercise, which began this month, will last till next March.

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