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How Can Citizens Advice Bureau Spain Benefit You? · Banks Mis-sold Life Insurance Policies As A Requisite For Mortgages. This policy would suit any consumer who feels that they have been the victim of mis-selling for example has someone retained a commission payment which was not. Mis-selling in Insurance and how to prevent it Unfortunately the product was mis-sold. benefit) but the agent may sell him this policy.

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If the Financial Ombudsman decides that your policy was mis-sold, the Financial Ombudsman will normally say that the business has to pay back a certain amount. What sort of insurance products have been mis-sold? Mis-selling of insurance products is a broad issue, covering many different products and services. Usually. How were the banks mis-selling PPI? Payment Protection Insurance is designed to cover loan or credit card payments if you cannot work, for example, if you.

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Mis-sold PPI is most commonly associated with financial products such as loans and credit cards but these were not the only agreements to be affected by the. I bought the above policy from you in [insert month and year] in connection with the [mortgage/loan/credit card/store card/finance agreement] referred to above. As the mis-sold payment protection insurance (PPI) claims market has grown, so have our concerns about the practices of some claims management companies.