AIA

September 2022 - The Auckland High Court has ordered life insurer AIA to pay a pecuniary penalty of $700,000 for making false and/or misleading representations to some customers, following proceedings brought by the FMA. 

• Related media release: AIA to pay $700,000 penalty for false and misleading representations to customers
• View the AIA settlement agreement
• View the AIA admissions and statement of facts

July 2021 - AIA admitted making false and/or misleading representations to customers in proceedings brought by the FMA. The Auckland High Court and alleges three causes of action under the Fair Dealing provisions (Part 2).

• Related media release: AIA admits false and misleading representations to customers in FMA fair-dealing proceedings