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2024

First Mutual ordered to refund US$53m

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Zvamaida Murwira-Senior Reporter FIRST Mutual Life Assurance Company must pay about US$53 million and $209 million to policyholders after a forensic audit unearthed prejudice through non-compliance with rules which resulted in losses to clients. The company is appealing against the payment order from the Insurance and Pensions Commission (IPEC). IPEC made the order after it […]



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