ASIC's cracks down on car insurance: what it means for brokers
ASIC says it reviewed renewal and quote documents from eight car insurers covering about 72% of Australia’s motor insurance market and found customers were not given clear, specific reasons for premium changes. ASIC cited buried or missing instalment surcharge disclosures and noted a Federal Court case involving RACQ. The regulator’s transparency push could affect broker renewal advice and compliance risk.




