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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.