News Regulations19 Mar 2021

Australia:Federal Court says insurer failed to act in utmost good faith

| 19 Mar 2021

The Federal Court of Australia has found that one of Australia's biggest life insurers, TAL Life, breached its duty to act with utmost good faith under the Insurance Contracts Act when handling a claim made under an income protection policy, according to a statement issued by Australian Securities and Investments Commission (ASIC).

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