News Life and Health05 Dec 2019

Australia:ASIC to ban cold call sales of direct life insurance

| 05 Dec 2019

The Australian Securities and Investments Commission (ASIC) yesterday announced a ban on unsolicited 'cold call' telephone sales of direct life insurance and consumer credit insurance (CCI). The ban will address poor sales practices that have led to unfair consumer outcomes. It will take effect from 13 January 2020.

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