28 August 2026
The Insurance Authority (IA) and the Hong Kong Police Force (HKPF) conducted a joint enforcement operation on 27 August 2026 against an examination centre operated by Greater China Wemedia Association Limited for the qualification of Fellow, Life Management Institute (FLMI) granted by LOMA1.
This joint enforcement operation involves a search of nine locations and an arrest of 15 persons, including three active and three former licensed insurance intermediaries. As there are indications that fraudulent practices have been persisting for some time without effective oversight by LOMA, the IA has suspended FLMI as a qualification satisfying the education requirement for licensing as insurance intermediaries with immediate effect. A detailed review will also be carried out on all cases where the qualification was obtained through the examination centre.
Ms Maria Tsui, Head of Enforcement of the IA, said, “This marks the first joint enforcement operation after the IA and the HKPF signed a Memorandum of Understanding on 27 March 2024, ushering in a lasting partnership committed to upholding integrity of the insurance industry and safeguarding the interest of policy holders.”
For further enquiries, please contact our licensing team by e-mail at [email protected] or by telephone on (852) 3899-9983.
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Note:
1 Originally the Life Office Management Association.