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Punishment Against Meiji Yasuda Lifted

7, 07. 2006

Financial Services Agency lifted its administrative penalty imposed on Meiji Yasuda Life Insurance Co on July 6. The company was banned from starting new operations 8 months ago because of its inappropriate nonpayment of insurance claims.

FSA figured out that the insurance company’s management system was significantly improved and that it is quite unlikely to commit serious law violations even after resuming new business operations.

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