Claim By Life Insurer For Refund Of Commissions And Bonuses
| Published date | 05 March 2024 |
| Subject Matter | Insurance, Insurance Laws and Products |
| Law Firm | Juen, Jeat, Nic & Nair |
| Author | Juen, Jeat, Nic & Nair |
The JJNN team of Christopher Foo, Juen Chong and Emeline Khoo recently succeeded in a claim for a life insurance company client who brought an action in Court against its ex-agent and former agency manager for a refund of commissions and bonuses paid on 2 policies which were cancelled.
The KL High Court rejected the defence that cancellation of insurance policies could only be done during the statutory cooling-off period of 15 days.
The defence contention that the right to clawback did not survive the termination of the agency agreement was similarly rejected as the agreement in question had been drafted...
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