Login Register Subscribe
Current Issue

Regulator finds insurers guilty of product irregularities

Reprints

The China Insurance Regulatory Commission said that 19 local insurers have been found guilty of product irregularities, Asia Insurance Review reported citing Reuters. The regulator said that it had found irregularities in 8,495 insurance products, including unclear and incomplete statement of terms, improper classification and not making clear the terms that reduce insurer liability, among others.

Read more.