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. 

 

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

Acted through sub-agents who acted as referrers

Acted for more than 3 principals

Cash Agent acted as 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 Acting as Credit Agent

Compliance with the Audit

Accounts and Financial Aspects

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 policyholder.

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

Staff member holding himself out as entitled to arrange a contract of insurance for an insurer the corporate agent did not represent.

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