The table below shows the agents who have been sanctioned by the Agents' Registration Board (ARB).
ARB does not publish information about every sanctioning action it takes. However, where it is appropriate, ARB may decide to publish certain sanction actions.
The information will remain on this page for five years from the date of publication.
Please refer to the Agents' Registration Board's (ARB) sanction decisions here.
|
Date of Publication |
Agent |
Sanction |
Contravention |
|
11 May 2021 |
PK Consultancy and Management Pte. Ltd (C005320) |
Cancellation |
Did not pay outstanding premiums. |
|
18 May 2021 |
Assure Insurance Agency Pte. Ltd.(C004322) |
Reprimand |
Cash Agent acted as credit agent when collecting premiums. |
|
18 May 2021 |
Credencel Insurance Agency (C005537) |
Reprimand |
Cash Agent acted as credit agent when collecting premiums. |
|
18 May 2021 |
DI Insurance Agency (C001439) |
6-month suspension from 13 Apr 2021 to 12 Oct 2021 for new business |
The agent involved referrers or persons who are not ARB-registered agents for the agent’s insurer, and these referrers or sub-agents conducted regulated activities such as advising or arranging insurance contracts or collecting insurance premiums. The agent paid referrers or sub-agents a share of the commission. Acted for more than 3 principals. Cash Agent acted as a credit agent when collecting premiums. |
|
18 May 2021 |
Sincl Pte. Ltd. (C004895) |
1-month suspension from 13 Apr 2021 to 12 May 2021 for new business |
Cash Agent acted as credit agent when collecting premiums |
|
25 Oct 2021 |
Chew Tee Kee (A009065) |
Reprimand |
Sub Agency. Cash Agent - Premium payments were not made directly to the insurer. Delegated functions and duties to another agent who was not the Nominee Agent. |
|
25 Oct 2021 |
Zhou Anjian Leonard (C000722-002), Nominee Agent of Multi-Lines Agencies (C000722) |
2 weeks suspension from 26 Oct 2021 to 9 Nov 2021 for new business |
Engaged in general insurance selling and advisory activities for a member which his Corporate Agency does not represent. |
|
12 Dec 2022 |
SK Solutions Pte. Ltd. (C005018) |
1-month suspension from 7 September 2022 to 6 October 2022 for new business |
Cash Agent Acting as Credit Agent |
|
12 Dec 2022 |
Dragon Insurance Agency (C005597) |
2-month suspension from 7 September 2022 to 6 November 2022 for new business |
Cash Agent acted as credit agent when collecting premiums.The agent did not fulfill the requirements of the audit conducted by the Board, such as providing reasonable cooperation and information necessary for the audit. The agent did not maintain proper accounting records of transactions entered with policyholders and principals. |
|
12 Dec 2022 |
HM Pte Ltd (C005644) |
Reprimand |
Cash Agent Acting as Credit Agent. Sub-Agency. |
|
12 Dec 2022 |
Motorist Pte. Ltd. (C005251) |
2 weeks suspension from 31 October 2022 to 13 November 2022 for new business |
Cash Agent Acting as Credit Agent. |
|
12 Dec 2022 |
Secutect (C005032) |
3-month suspension from 7 November 2022 to 6 February 2023 for new business |
Sub-Agency. Did not ensure as far as possible that the policy proposed is suitable to the needs and resources of the prospective policholder. Did not explain all essential provisions of the cover afforded by the policy or policies which he is recommending so as to ensure as far as possible that a prospective policyholder understands what he is or may be buying. Did not ensure that the consequences of non-disclosure and inaccuracies are pointed out to a prospective policyholder. |
|
12 Dec 2022 |
I-N-S Management (C002443) |
3-month suspension from 12 December 2022 to 11 March 2023 for new business |
Sub-Agency. |
|
20 Jun 2023 |
RC2 Pte. Ltd. (C002411) |
Reprimand |
Cash Agent acting as Credit Agent. |
|
20 Jun 2023 |
TTS Motor Group Pte. Ltd. (C001239) |
1-month suspension from 7 June 2023 to 6 July 2023 for new business |
Cash Agent acting as Credit Agent. |
|
15 Jan 2024 |
Choy Weng Hong Eric (A006227) |
Cancellation of Registration |
Acted for more than 3 principals. |
|
17 Mar 2024 |
CFHQ Pte. Ltd. (C005841) |
Reprimand |
A staff member of a corporate agent: a. contacted an insurer’s customer to offer to renew the customer’s car insurance b. claimed that the corporate agent represents the insurer as one of their principals even though the corporate agent did not represent the insurer as an agent. |
|
15 Jul 2024 |
Wealth Stability Pte. Ltd. (C003455) |
2 weeks suspension from 15 July 2024 to 28 July 2024 for new business |
Cash Agent Acting as Credit Agent. |
|
15 Jul 2024 |
Pan Pac Credit Pte. Ltd.(C005437) |
6-month suspension from 15 Jul 2024 to 14 Jan 2025, for new business |
Acted for more than 3 principals. Cash Agent Acting as Credit Agent. |
|
6 Feb 2025 |
Unicorn General Insurance Agency (C006153) |
Reprimand |
Staff member claimed to be offering insurance products of an insurer which they do not represent. |
|
28 Apr 2025 |
Unicorn General Insurance Agency (C006153) |
6-month suspension from 28 Apr 2025 to 28 Oct 2025, during which it must not engage in any activity of a general insurance agent |
The agent let a person who was not its nominee agent perform regulated activities and deal with customers. Premium payments were not made directly to the insurer and collected by an individual who is not its nominee agent. |