The Bay of Plenty-based advisers work for American Income Life Insurance (AIL) which "is striving to become the premier in-home life insurance sales company" in the countries it operates in.
Much of the insurance is sold through labour unions, credit unions and associations, the company says on its website.
Two of its advisers, Tone and Denis Munro, were able to register in the FSPR in New Zealand nine months after being convicted in Queensland for misleading consumers over their investment properties.
They were fined A$100,000 in the Mackay Magistrate Court.
Tone Susann Munro, 60, was convicted and fined A$60,000 and Dennis Leslie Munro, 58, was convicted and fined A$40,000 last November.
The pair sold house and land packages to investors in Mackay in 2007 and 2008, targeting residents through a display stand at a local shopping centre.
The court heard the duo deliberately misled potential buyers to make sales, including telling investors that pools and air-conditioning units were included in their building contracts when they weren't.
The Munros also falsely claimed they were licensed with the Real Estate Institute of Queensland. Real estate agent licences are issued by the Office of Fair Trading.
According to NBR the Munros are some of the top producers at AIL.
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