Insurers warned about conflicts

[Bylo Selhi]

Insurers warned about conflicts [Toronto Star, 09Jun05]

Consumers may have reason to doubt whether the advice they receive about insurance is in their best interests, a national committee of regulators has warned. Many insurers make loans to brokers, have ownership links and offer sales bonuses like extra commissions, cruises and golf tournaments that may cause consumers to doubt the independence of sales advice, observes an Industry Practices Review Committee...