Yes and no. Freedom gets paid for administering the claims, as...

Yes and no.

Freedom gets paid for administering the claims, as some insurers are prohibited from doing so, in FY18 they received $3.2 million for doing this work. The contract between the policy holder is a legal document between themselves and Freedom, regardless who Freedom decides to select as insurer/re-insurer the terms stay the same for the policyholder. If Freedom goes bust tomorrow, their 357,000 customers will definitely be effected.