Insurance
Adviser paying back commissions after dodgy policies issued
Friday 5th of November 2010
Guaranteed Finance sole company director and shareholder Andrea Baker allegedly created the scheme where the insurance agreement offered $20,000 funeral cover to families, however the policies were worth between $250,000 and $500,000.
Guaranteed Finance would pay the insurance premiums using commission from insurance companies.
When a client died, the family would get $20,000 and...
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