AIA set to pay $700,000 fine after action from FMA
Company misled some customers over benefits, termination dates and inflation adjustments.
NBR Staff Thu, 29 Jul 2021
AIA has admitted making false and/or misleading representations to its customers over ‘passback benefits’, incorrect inflation adjustments, and termination date issues, in proceedings brought by the Financial Markets Authority (FMA).
The life insurance company has agreed to admit all causes
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