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China insurance regulator issues correction order to China Continent for delay in data submission

( March 4, 2015, 04:32 GMT | Official Statement) -- MLex Summary: The China Insurance Regulatory Commission announced on its website that it has formally admonished China Continent Property & Casualty Insurance Company for a three-day delay in submitting its monthly data to the regulator in November 2014 and issued the company a correction order. The CIRC held supervisory conversations with managing directors of the insurance company and ordered them to take corrective measures within a prescribed time period.  The regulator's statement follows:...

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