Taiping Property Insurance Co., Ltd.
Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2026
Penalized RMB 3.73 Million for Violations Involving Reserves, Insurance Clause Rates, and Data Reporting
In June 2026, Taiping Property Insurance was issued a warning and fined RMB 3.73 million for violations involving reserve provisioning, the use of clause rates, data reporting, and cross-regional business, while seven responsible individuals were separately warned and fined.
2026
Ji'an Central Sub-branch Penalized for Off-Contract Benefits, Falsified Expenses, and Improper Executive Service
In August 2026, Taiping P&C's Ji'an Central Sub-branch and relevant personnel were penalized by regulators for granting off-contract benefits, falsifying expenses, and having unapproved executives actually perform duties.
2025
Yibin Central Sub-branch Penalized for Fabricating Intermediary Business to Extract Fees and Preparing False Materials
In 2025, the Yibin Central Sub-branch of Taiping Property Insurance was penalized by the Yibin Financial Regulatory Bureau for fabricating insurance intermediary business to extract fees and preparing false materials. This entry is limited to the branch involved.
2025
Henan Branch Penalized 530,000 Yuan for Cross-Provincial Operations and Improper Use of Clauses
In 2025, Taiping P&C's Henan Branch was warned and fined 530,000 yuan for operating across provincial boundaries and for using approved and filed clauses and rates in violation of regulations.
2022
Penalized RMB 1.5 Million for Violations Involving Auto Insurance Commissions, Financial Data, and Expense Booking
In September 2022, the China Banking and Insurance Regulatory Commission fined Taiping Property Insurance a total of RMB 1.5 million for violations including the use of clause rates, inaccurate auto insurance financial data, and failure to book expenses in a timely manner.
2021
Penalized RMB 500,000 for Using Supplementary Agreements to Substantively Alter Filed Insurance Products
In 2021, regulators determined that Taiping Property Insurance had used supplementary agreements to substantively alter approved and filed insurance products and had failed to use clause rates as required, and fined it RMB 500,000.