The Monetary Authority of Singapore (MAS) has issued prohibition orders (POs) to two former insurance agents for dishonest conduct.

On Dec 2, the central bank issued a four-year PO to Chong Yoon Loi, formerly from Aviva Financial Advisers, who misled two policyholders into believing that they could hold more than one integrated shield policy, when their applications would result in the termination of their previous policies.

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