HCF Life has been fined $750,000 by the Federal Court for misleading conduct relating to pre-existing condition clauses in its “Recover” insurance products, often issued through group superannuation cover. The court found HCF Life’s policies allowed them to deny claims if a medical practitioner later concluded that symptoms existed before the policy began - even if the customer had no diagnosis or knowledge of the condition. In some cases, the customer wasn’t even aware they