Audit results revealed that nearly 2 billion capital violations

Audit findings of the Audit Commission 2011 The 3rd issue of January 31, the Audit Commission in the 2009 annual assets and liabilities of the Chinese People's Insurance Group Co., Ltd. to investigate and punish the illegal funds 1.945 billion yuan.　　Among them, the management of irregularities in the problem of 1.505 billion yuan, financial revenue and expenditure aspects of the violation of the amount of 440 million yuan.　　From May 2010 to July, the audit Office audited the profit and loss of assets and liabilities of the People's Insurance Group Co., Ltd. (hereinafter known as China) and its 6 subsidiaries and 18 branches in 2009. Audit found that there are 1.505 billion yuan in the management of illegal problems. The violation insured 412 million yuan. Mainly is the violation of the agreement to cover or relax underwriting conditions underwriting, false insurance of agricultural insurance, discount sales and other issues, including Heilongjiang, Hunan and other branches of 17 provinces and cities.　　such as Hunan Qiyang County related departments and local companies 2009 together to fabricate false agricultural insurance business, to obtain higher financial subsidy 9.02 million yuan. In addition, there are false refund or cancellation policy 260 million yuan, the violation of 146 million yuan, accounting for operating insurance business 3.12 million yuan. In addition, the PICC group of companies are also audited illegal payment of insurance agent fees 684 million yuan. Mainly through the false agent business to obtain fees, to the unqualified units or individuals to pay the handling fees, the use of fees to reverse the false linked premiums, payment of high fees and other issues, involving Guangdong, Shanghai and other 13 provinces and cities branch offices.　　For example, 3 companies in Guangzhou in 2009, the direct selling business virtual hanging in the name of the insurance intermediary, a total of 12.6648 million yuan fee. The audit found that the financial revenue and expenditure violations of the amount of 440 million yuan. The main is to take a single, span and other ways to adjust the premium income, a number of expenses and kangaroo "coffers" and other issues, in response to the above problems, the Chinese branch of the relevant branches have adjusted paying table, the recovery of funds 62.92 million yuan, accounting for 79.89 million yuan (has been paid 2.4543 million yuan),　　and the accountability of 24 people responsible for the treatment. The disclosure of the audit found that the illegal operation of the insurance business, the management of the weak links and other issues, has been transferred to the CIRC to deal with, the violation of financial revenue and expenditure laws and regulations to deal with the issue, and to oblige the Chinese-owned relevant institutions to adjust the relevant accounting accounts, pay taxes 12 cases of suspected crimes and serious disciplinary problems found in the audit have been handed over to the judicial organs and disciplinary inspection departments for investigation.