AMCM warns of illegal life insurance sellers
The Monetary Authority of Macau (AMCM) warned the public yesterday that some individuals and companies have been illegally selling life insurance products without holding the required licence, according to a statement by Macau’s quasi-central bank. The statement underlined that the entire sales procedure of any Macau life insurance products must be carried out in Macau.These companies and individuals, the statement cautioned, are not locally licensed. The statement said that buyers