Business

The original October 2024 case centred on product disclosure statements for three HCF Life products, which ASIC alleged overstated the insurer’s right to reject claims linked to pre-existing conditions.

Insurance giant wins unfair pre-existing condition fight

ASIC rebuked after losing an appeal over pre-existing condition wording used by HCF Life, in a ruling that gives insurers a clearer line between misleading policy terms and unfair contract terms.

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