The Insurance Authority and the Hong Kong Monetary Authority announced a joint enforcement action on November 11, 2026, banning former technical representative Lim Ka Kit from acting as an insurance intermediary for nine months.
Investigation Findings
An investigation conducted by the Hong Kong Monetary Authority revealed that Lim Ka Kit pressured eight clients into acquiring medical insurance coverage via telemarketing despite their requests for time to consider.
On two occasions, Lim induced the clients to alter their heights and weights for the purpose of meeting relevant underwriting requirements.
Regulatory Collaboration
The joint enforcement action was executed under the Memorandum of Understanding on cross-sector collaboration signed by the HKMA and the Insurance Authority.
Maria Tsui, Head of Enforcement of the IA, stated that the case underscores the importance of ethical selling and treating customers fairly, while Raymond Chan, Executive Director for Enforcement and AML at the HKMA, highlighted the need to uphold high standards in the financial sector.
Key facts and where they come from
- Lim Ka Kit was banned from being an insurance intermediary for nine months.
The IA has banned Lim Ka Kit, former technical representative (agent) of an Authorized Institution (Licence number: IC3091), from being an insurance intermediary for nine months in a joint enforcement action with the HKMA.
- Lim pressured eight clients into acquiring medical insurance via telemarketing.
revealed that Lim had pressurised eight clients into acquiring medical insurance coverage via telemarketing despite their requests for time to consider.
- Clients were induced to alter their heights and weights on two occasions.
On two occasions, he went further by inducing the clients to alter their heights and weights for the purpose of meeting relevant underwriting requirements.
The catch
- The announcement does not disclose further details regarding the specific medical insurance products or the authorized institution involved.
- The statement relies entirely on the findings of the HKMA investigation without detailing any defense presented by the intermediary.
