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Insurer MAS gets $2.1m wallop for misleading claims to customers

FMA enforcement head Margot Gatland said breaches were widespread at Medical Assurance Society.

The Medical Assurance Society self-reported the breaches to the FMA.

NBR Staff Mon, 27 Nov 2023

The Medical Assurance Society has been ordered to pay a penalty of $2.1 million for making false and misleading claims to customers.

In June, NBR reported the Financial Markets Authority had filed High Court proceedings for fair dealing breaches.

It was claimed that between 2014 and 2022, the

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NBR Staff Mon, 27 Nov 2023
Contact the Writer: editor@nbr.co.nz
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Insurer MAS gets $2.1m wallop for misleading claims to customers
Law,
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