On 24 June 2024, the Insurance Authority (IA) imposed a pecuniary fine of HK$37,270 against a licensed insurance broker company and a pecuniary fine of HK$7,000 against a licensed technical representative for failing to handle the insurance policy of a client with due care and diligence under the former self-regulatory regime.
Resources: https://www.ia.org.hk/en/infocenter/press_releases/20240624.html