The Hong Kong Insurance Authority (IA) has taken disciplinary action against Wong Ka Keung (Licence number: IE9049), prohibiting him from acting as an insurance intermediary for three decades.
The decision follows an investigation that found Wong had orchestrated a scheme involving at least nine others to defraud his authorised insurer of approximately HK$27 million over a span of three years.
The IA reported that Wong arranged for individuals with critical illnesses to pose as policyholders and submit false insurance claims. Through this operation, Wong received about HK$13.5 million.
Additionally, he was found to have created three forged sick leave certificates for a patient.
Wong’s actions led to criminal charges brought by the Independent Commission Against Corruption (ICAC), resulting in a prison sentence of six years and four months.
The IA stated that such conduct not only constitutes a criminal offence but also undermines the functioning of the insurance market and endangers the rights of policyholders.
The regulator noted that the length of the ban reflects the seriousness of the misconduct.
In a separate enforcement action, the IA announced a 50-month ban on So Yuen Wa (Licence number: IG3140) for policy replacement misconduct.
According to the IA, So advised two clients that her appointing...
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