Authorities put Life Insurance companies on notice

Authorities put Life Insurance companies on notice

Report cites acts of impropriety, poor systems Wellington, January 29, 2019 Life insurance companies charged customers for expired policies, sold policies that people could not legally use, and have had poor systems and attitudes for fixing complaints and mistakes, a Report shows. The Financial Markets Authority (FMA) and Reserve Bank (RBNZ) have issued a damning Report into how 16 insurance…

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