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New Zealand Financial Markets Authority: Cigna To Pay $3.5 Million Penalty For Making False And Misleading Representations About Customers' Insurance Premiums And Cover

<p><a href="https://www.fma.govt.nz/assets/Enforcement/Judgements/FMA-v-Cigna-Life-Insurance-New-Zealand-Ltd.pdf" title="The Wellington High Court has ordered Cigna Life Insurance New Zealand Limited to pay a final pecuniary penalty of $3,575,000 "><span>The&nbsp;</span><span>Wellington High Court has&nbsp;</span><span>ordered Cigna Life Insurance New Zealand Limited to pay a final pecuniary penalty of $3,575,000</span></a><span>&nbsp;for making false and/or misleading representations relating to inflation benefits in certain life insurance policies provided by the company.</span><span>&nbsp;</span></p> ....

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