(1) Advantage case refers to the behavior of insurance practitioners who use their positions or loopholes in company management to commit fund-raising fraud under the guise of insurance products or insurance contracts or in the name of insurance companies.

Criminals fabricate insurance wealth management products, or promise additional income on the basis of the original insurance products, or sign a "financial management agreement" with consumers to absorb funds; Criminals issue fake insurance policies, stamp private official seals on self-purchase receipts or invalid company receipts, and even directly issue white slips to defraud funds.

(2) Participatory cases refer to the participation of insurance practitioners in social fund-raising, private lending and consignment of non-insurance financial products.

. Insurance practitioners sell insurance products and non-insurance financial products at the same time, confusing the nature of the two products; Insurance practitioners promise that non-insurance financial products are guaranteed by the reputation of insurance companies, with guaranteed capital and high yield; Induce insurance consumers to surrender or pledge policies to obtain cash to buy non-insurance financial products.

(3) Cases of being exploited refer to illegal institutions misleading and deceiving investors and illegally raising funds under the guise of the credit of insurance companies. Illegal institutions falsely claim to be associated with insurance companies, fictional insurance wealth management products are sold abroad, and illegal fund-raising is carried out;

Stealing the concept of insurance coverage or exaggerating insurance liability, claiming that the safety of investment projects (property) or funds is guaranteed by insurance companies, and illegally raising funds; Forge insurance agreements, falsely claiming that insurance companies provide credit performance guarantee insurance for investors, and at the same time carry out P2P business with high interest rates as bait.

Extended data

Routine of illegal fund-raising in insurance field

Routine 1: Insurance practitioners use their position convenience or company management loopholes to commit fund-raising fraud under the guise of insurance products, insurance contracts or insurance companies.

Analysis: criminals fabricate insurance wealth management products, or promise additional income on the basis of the original insurance products, or sign a "financial management agreement" with consumers to absorb funds; Criminals issue fake insurance policies, stamp private official seals on self-purchase receipts or invalid company receipts, and even directly issue white slips to defraud funds.

Routine 2: Insurance practitioners participate in social fund-raising, private lending and consignment of non-insurance financial products.

Analysis: insurance practitioners sell insurance products and non-insurance financial products at the same time, which confuses the nature of the two products; Insurance practitioners promise that non-insurance financial products are guaranteed by the reputation of insurance companies, with guaranteed capital and high yield; Induce insurance consumers to surrender or pledge policies to obtain cash to buy non-insurance financial products.

Routine 3: Illegal institutions use the credit of insurance companies to mislead and deceive investors and raise funds illegally.

Analysis: illegal institutions lied about their association with insurance companies, fictional insurance wealth management products were sold to the outside world, and illegal fund-raising was carried out; Stealing the concept of insurance coverage or exaggerating insurance liability, claiming that the safety of investment projects (property) or funds is guaranteed by insurance companies, and illegally raising funds;

Forge insurance agreements, falsely claiming that insurance companies provide credit performance guarantee insurance for investors, and at the same time carry out P2P business with high interest rates as bait.

Routine 4: Use "mutual insurance" and "mutual aid plan" to raise funds illegally. Analysis: Individual units are suspected of illegal fund-raising in the name of investment and mutual insurance. These so-called "mutual aid plans" simply charge a small amount of donation fees, have no scientific risk pricing and rate determination, do not conclude insurance contracts, do not abide by the principle of equal compensation, do not conform to the principles of insurance management, and are essentially different from mutual insurance.

Its business entities also do not have legal insurance business qualifications and are not included in the scope of insurance supervision. This "mutual aid plan" business model is unsustainable, and it is difficult to effectively guarantee the performance of relevant commitments and the safety of funds, which may induce fraud and contain greater risks.

References:

China Insurance Regulatory Commission-Forms and Means of Crime of Illegal Fund Raising in Insurance Industry

References:

China Jiangxi Net-What are the routines of illegal fund-raising in the insurance field?