Insurer ordered to pay $750k for misleading contracts

HCF Life Fined for Misleading Contract Term

The Federal Court has ordered HCF Life Insurance Company Pty Limited to pay a $750,000 penalty and update a term covering pre-existing conditions in four policies saying it was liable to mislead the public. The term was found in its Recover range of products, namely: Cash Back Cover Smart Term Insurance Income Assist Insurance Income […]

Court orders HCF to pay $750K for misleading life insurance term

Save (0) Please login to bookmarkClose Username or Email Address Password Remember Me HCF Life insurance has been hit with a $750,000 penalty for including a pre-existing condition term in a life insurance policy, which a judge found was likely to mislead. Subscribe to Lawyerly to access this article.Already a subscriber? Username or Email Address Password Remember Me Lost your password? The post Court order…

Insurer ordered to pay $750k for misleading contracts

HCF has been fined after a judge found the company misled customers with unfair life insurance contract terms.