Broker Willis has been suspended from operating in China's Guandong province after allegedly...
Broker Willis has been suspended from operating in China's Guandong province after allegedly obstructing insurance regulators from making inspections.
According to reports, the broker allegedly obstructed regulatory inspections on 12 March 2005.
As a result, insurers and brokerages have been banned from conducting any new business with Willis in the southern China province since 14 April 2005.
The China Insurance Regulatory Commission is reported to have demanded to see reports on Willis' activities in the region since 2002.