On February 19, the front-line financial news showed that the Wenzhou Central Branch of AXA Tianping Property and Casualty Insurance Co., Ltd. was fined 210000 yuan for giving benefits other than those agreed in the insurance contract to the applicant, according to the administrative penalty information disclosure form of Wenzhou Supervision Branch of the State Financial Supervision and Administration.
For the above reasons, Wang Chen, then the deputy general manager (presiding over the work) of Wenzhou Central Branch of AXA Tianping Property Insurance Co., Ltd., was warned and fined 50000 yuan; Sun Donghao, then General Manager of Wenzhou Central Branch of AXA Tianping Property Insurance Co., Ltd., was warned and fined 60000 yuan.
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