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Hong Kong's Insurance Authority (IA) has prohibited Lim Ka Kit from engaging in insurance intermediary business for nine months.
According to a joint circular issued by the HKMA and the Insurance Authority on November 11, the Insurance Authority has prohibited Lim Ka Kit from engaging in insurance intermediary business for nine months. An investigation by the HKMA revealed that he pressured eight clients—who had requested time to consider—via telemarketing to purchase medical insurance, and in two instances, induced clients to falsify their height and weight to meet relevant underwriting requirements.
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