The risk transmission mechanism of illegal fund-raising in the insurance field involves sales links, product underwriting, document seals, agency personnel and malicious propaganda.

1. Sales link

The main manifestations are that sales personnel fabricate insurance products to engage in illegal fund-raising, sales personnel illegally sell third-party financial products, which leads to illegal fund-raising risks, and illegal fund-raising is conducted through insurance intermediaries. risk.

2. Product underwriting link

Mainly includes underwriting high-risk illegal fund-raising products, as well as underwriting businesses related to illegal fund-raising high-risk parties and insurance subjects.

Underwriting corporate property liability insurance, credit guarantee insurance, borrower accident insurance business, loan collateral insurance business related to online financing intermediary platforms, and underwriting insurance for aggregate organizations such as cooperatives or exchanges. Business, underwriting insurance business for high-value or speculative commodities such as jewelry and minerals.

3. Institutional personnel

The main manifestations are that company employees work part-time outside the home to engage in illegal fund-raising, and long-term absentee employees such as internal retirees, sick retirees, loaners, and long-term layoffs engage in illegal fund-raising.

4. Document seals

The main manifestations include forging documents to engage in illegal fund-raising and privately engraving seals to engage in illegal fund-raising.

5. Malicious propaganda

The main manifestation is that external institutions maliciously use insurance companies to carry out false propaganda without any cooperation with insurance companies, or make false propaganda to investors after purchasing insurance. False propaganda exaggerates insurance liabilities to increase credibility for illegal fund-raising activities.

Extended information

Methods of illegal fund-raising in the insurance field

1. Confusing the concept of insurance products. In the name of selling insurance products, it actually commits fund-raising fraud.

2. Provide false information. In the name of selling insurance, they fabricated false insurance types and promised high interest rates to induce customers to participate in illegal fund-raising.

3. Exaggerate the benefits of promoting products. Sales staff secretly print leaflets, forge documents, and forge seals to exaggerate profits and allow consumers to blindly participate in fund-raising.

4. Sign and copy on behalf of the customer. The salesperson fills out the insurance policy on behalf of the customer, and actually uses the "mandarin duck document" created by himself to obtain customer information and lure the customer to illegally raise funds.

5. Issue "white slips" and "yuanyang receipts". For vulnerable groups in society, especially rural consumers, some sales staff with ulterior motives can get away with it by just issuing a "white slip" or a "mandarin duck receipt" by "substituting one thing for another".