Promptly taking remedial measures after finding out any incompliant operation and management behavior , subjecting the liable persons to corresponding liabilities and reporting the whole situation in accordance with the relevant requirements , and .
The term " compliance risk " as referred to in the present guidelines means the risk of undertaking legal responsibility , supervisory punishment , financial losses or reputation losses as a result of an incompliant insurance operation and management behavior made by the insurance company or any of its employees and marketing staff .
