Ex-insurance agent charged by ICAC over $750,000 commission fraud
2022-10-11
A former insurance agent was charged by the ICAC, today (October 11) with defrauding an insurer of commissions totalling about $750,000 by making false representations in five insurance policy applications about the occupation and monthly income of the applicants or the relevant handling agent.
Chow Tsz-sin, former known as Zhou Chuqian, 29, former insurance agent of Sun Life Hong Kong Limited (Sun Life), faces four counts of agent using document with intent to deceive her principal, contrary to Section 9(3) of the Prevention of Bribery Ordinance, and one count of fraud, contrary to Section 16A of the Theft Ordinance.
The defendant was released on ICAC bail, pending her appearance in the Kowloon City Magistrates’ Courts on Thursday (October 13) for plea.
The ICAC investigation arose from a corruption complaint. Upon completion of the investigation, legal advice was sought from the Department of Justice. Pursuant to the legal advice, the defendant was charged with the above offences which took place between August 2016 and July 2018.
Four of the charges allege that the defendant, with intent to deceive Sun Life, used four insurance policy application forms which contained false statements about the employers, occupations or average monthly incomes of four applicants to mislead Sun Life.
The remaining charge alleges that the defendant, with intent to defraud, induced Sun Life to release commissions to her by falsely representing to the insurer that she was the handling agent of another insurance policy.
ICAC enquiries also revealed that commissions totalling about $750,000 were released to the defendant and her up-line managers in respect of the above five insurance policies.
Sun Life has rendered full assistance to the ICAC during its investigation.
Chow Tsz-sin, former known as Zhou Chuqian, 29, former insurance agent of Sun Life Hong Kong Limited (Sun Life), faces four counts of agent using document with intent to deceive her principal, contrary to Section 9(3) of the Prevention of Bribery Ordinance, and one count of fraud, contrary to Section 16A of the Theft Ordinance.
The defendant was released on ICAC bail, pending her appearance in the Kowloon City Magistrates’ Courts on Thursday (October 13) for plea.
The ICAC investigation arose from a corruption complaint. Upon completion of the investigation, legal advice was sought from the Department of Justice. Pursuant to the legal advice, the defendant was charged with the above offences which took place between August 2016 and July 2018.
Four of the charges allege that the defendant, with intent to deceive Sun Life, used four insurance policy application forms which contained false statements about the employers, occupations or average monthly incomes of four applicants to mislead Sun Life.
The remaining charge alleges that the defendant, with intent to defraud, induced Sun Life to release commissions to her by falsely representing to the insurer that she was the handling agent of another insurance policy.
ICAC enquiries also revealed that commissions totalling about $750,000 were released to the defendant and her up-line managers in respect of the above five insurance policies.
Sun Life has rendered full assistance to the ICAC during its investigation.