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Law firm warns licensees on dodgy insurance cross-sell tactics

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Australian Broker | 22 Oct 2014, 08:08 AM Agree 0
A leading law firm has warned that ASIC is focusing on mis-selling add-on insurance
  • Tom | 22 Oct 2014, 09:26 AM Agree 0
    Is this the same ASIC that ultimately strong arms brokers into the insurance add-on arena courtesy of our responsibilities under the NCCP?

    Then, if I'm reading this correctly, the line in this space has become so fine that we're damned if we do, and damned if we don't!

    Nice one ASIC, you must be having one hell of a lot of trouble justifying your existence!
  • Chappo | 22 Oct 2014, 09:42 AM Agree 0
    "The regulator's investigation focused on car finance". Nice to be lumped into the same bucket as car salesmen....
  • Peter Heinrich | 22 Oct 2014, 10:54 AM Agree 0
    The real pressure comes if something goes terribly wrong and the clients aren't insured. The clients then blame the broker that they weren't offered insurance in the first place. If the clients feel pressured they should be. Their best interest is served if they are shown what may happen if they aren't insured.
  • Don Cheech | 22 Oct 2014, 11:43 AM Agree 0
    Motor Dealer Loans, Real Estate Loans.
    Chalk and Cheese. MTAA is a very strong body and obviously Lobbies Government very successfully.
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