Published: October 03, 2019
Comminsure has been accused of cold-calling customers to sell life insurance through a telemarketing firm
The Commonwealth Bank’s insurance business, Comminsure, faces a fine of up to $1.8m after being charged with 87 criminal offences for allegedly breaching anti-hawking laws.
In the first criminal case against a big bank following last year’s financial services royal commission, the Australian Securities and Investments Commission has accused the company of hiring a telemarketing firm, Aegon Insights, to cold-call customers and try to sell them a life insurance policy known as Simple Life.
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