The Australian Securities and Investments Commission has permanently banned an insurance broker who submitted forged insurance premium loan funding applications.Christopher John Griggs was the sole director of Chris Griggs Insurance Offices Pty Ltd, an insurance broker based in Mount Pleasant, South Australia.The applications were submitted to Elantis Premium Funding Ltd, which was formerly Lumley and is now under the custodianship of IAG.ASIC said Griggs "prepared and submitted applications for insurance premium loan funding to Elantis Premium Funding Limited without the authority or knowledge of the named applicants and forged the signatures of the alleged applicants."Approved loan funds were then paid into a bank account controlled by Griggs and applied to his benefit."?Griggs obtained a direct financial benefit of A$155,002 and commissions of $1705, ASIC said.