Insurance Council will consider ousting Youi over misleading sales techniques

Fri, 12 Aug 2016

By Fiona Rotherham Aug. 12 (BusinessDesk) - The board of the Insurance Council of New Zealand will next month consider terminating the membership of South African-owned insurer Youi NZ after it agreed to plead guilty to 15 charges relating to misleading sales practices. The council is disappointed with the actions and processes at Youi which have led to the Commerce Commission laying charges in the Auckland District Court, council chief executive Tim Grafton said in a statement. The antitrust regulator said yesterday 15 charges under t...

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