Read the full judgment text of HCAL 163/2015 on BabelCite. This High Court CFI judgment was delivered on 20 July 2017.
1. On 22 February 2014, the Insurance Agents Registration Board (the IARB) made a payment order of $806,200 against the applicant, AIA International Ltd (AIA), following disciplinary proceedings against a former agent of the applicant. Prior to the disciplinary proceedings, the agent had been convicted in the District Court on his own plea of fraud related offences in relation to the misappropriation of monies from his clients, for which he was sentenced to 3 years’ imprisonment.
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