CommInsure report an indictment on the whole industry

By Adele Ferguson
Updated March 24 2017 - 5:38am, first published 5:28am
AFR and Deloitte Banking and Wealth Summit.Sofitel Wentwoth, Sydney. Conduct Risk & Risk Culture  roundtable with Peter Kell, Deputy Chairman ASIC .April 5 2016. Photos Quentin Jones. Photo: jonesphoto.com.au
AFR and Deloitte Banking and Wealth Summit.Sofitel Wentwoth, Sydney. Conduct Risk & Risk Culture roundtable with Peter Kell, Deputy Chairman ASIC .April 5 2016. Photos Quentin Jones. Photo: jonesphoto.com.au

It's the dirty secret CommInsure and the rest of the life insurance industry has been protecting for years: the ability to sell dud policies that contain outdated medical definitions meaning the companies won't have to pay out.

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