12 June 2025
The Insurance Authority (IA) has banned Ms Leung Wai Mei (Licence number: JE7178) and Ms Ip Ka Ying (Licence number: JA2270) from being considered as insurance intermediaries for 12 months and 21 months respectively because they took out bogus policies in order to fulfil sales target.
Ms Leung fabricated two policy applications by misusing the personal information of a client, certifying a phony proof of identity for her son and attempting to cover up by changing her correspondence address. On the other hand, Ms Ip fabricated eight policy applications by misusing the personal information of her clients and friends as well as fraudulently accepting exclusion of personal liabilities arising from the premises owned by two applicants.
These misconducts are iniquitous and premeditated, severely impugning the probity and professionalism expected of insurance intermediaries. The IA is determined to detect and deter such ignominious acts through a combination of intelligence gathering, data analytics and close collaboration with the law enforcement agencies.
Before reaching the above decisions, we have taken account of the fact that Ms Leung and Ms Ip have shown remorse to their transgressions and rendered us with full cooperation throughout the investigation. Further details are available at the section titled “Enforcement News” and the Register of Licensed Insurance Intermediaries on the IA website.
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