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Regulator orders property/casualty insurers to rectify products

Posted On: Jul. 26, 2019 6:10 AM CST

China's insurance regulator has ordered 20 property/casualty insurers to stop using problematic policies with unclear clauses until the problems are rectified, reported. The regulator recently conducted an inspection of the terms and rates of 1,500 policies and found unclear clauses over insurance coverage, which exempted or reduced insurers' liability.

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