Cigna to pay $3.5m penalty for over-charging customers
It is the largest penalty the FMA has secured in an enforcement case.
FMA head of enforcement Margot Gatland.
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Cigna Life Insurance New Zealand has been ordered to pay a $3.575 million penalty, the largest the Financial Markets Authority has secured in an enforcement case.
That comes after it admitted to making false and/or misleading representations to customers over inflation increases to premiums and
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