Skip to content
WorldBrand.AI

Bank of China Insurance

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

Back to profile1 entries

  1. 2012

    Bank of China Insurance Penalized by CIRC Over Insufficient Reserves and Inaccurate Data

    Bank of China Insurance’s temporary information disclosure report showed that the company was penalized by the insurance regulatory authority for insufficient reserve extraction, inaccurate data and internal control violations; reports said total fines were 610,000 yuan; branches including the Jiangxi branch were also fined for fabricating intermediary business to extract fees. Progress: administrative penalty. Entity: Bank of China Insurance Co., Ltd. Scope: head office and branches.

    Source