What does illegal insurance mean?

Illegal insurance refers to illegal acts such as false reporting, concealing information, and practicing fraud when individuals or enterprises participate in social security, which is called illegal insurance. This behavior harms the public interest and affects the justice and stability of the social security system.

Individuals participate in social security in order to get more protection and welfare, but for some lawless people, in order to avoid taxes and pursue maximum benefits, they take illegal insurance, which has caused negative effects and economic losses to society. Therefore, we should strengthen the supervision and management of social security, punish illegal acts and ensure the effective operation of the social security system.

Enterprises illegally participate in insurance, such as failing to declare, concealing information and falsely reporting wages. This will affect employees' reimbursement rights, as well as the reputation and economic interests of enterprises. Therefore, enterprises should strengthen internal supervision, abide by laws and regulations, provide fair and reasonable protection for employees, and ensure the legitimate interests of enterprises.