Xinhuanet.com, Hangzhou, September 3rd, the reporter learned from the Zhejiang Insurance Industry Association on the 3rd that the Association has accepted and has comprehensively rectified the "anti-monopoly" penalties imposed by the Development and Reform Commission.
The Development and Reform Commission found that the Zhejiang Provincial Insurance Industry Association organized 23 provincial property insurance companies to hold meetings and negotiate for a number of new car discount factors, and agreed on a unified commercial auto insurance agency fee based on market share. As the main planner and organizer of the price monopolistic behavior in this case, the above-mentioned behavior of Zhejiang Insurance Industry Association violates the provisions of Article 16 of the Anti-monopoly Law: “Industry associations may not organize the operators of this industry to engage in monopolistic behavior prohibited by this chapter†. The Development and Reform Commission imposed a maximum fine of 500,000 yuan on the law.
On the 3rd, Zhejiang Insurance Industry Association issued an announcement that it has comprehensively rectified the self-discipline work of the auto insurance industry: before May 2013, it completely abolished the self-discipline conventions suspected of violating the anti-monopoly law, and revised the self-discipline work of the industry; Training of laws and regulations on anti-monopoly law, invite relevant experts to teach the industry, improve industry compliance awareness; hire full-time legal counsel to comprehensively review the legitimacy of the association's work.
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