Agent and agency fined after self-reported unlicensed activity

By The IJ Staff | Sept. 30, 2020, 1:15 p.m.

The Alberta Insurance Council has fined an agency and its agent after the representative reported that he had been compensated for sales made while he was unlicensed.

This article is reserved to PRO Level subscribers

Discover the PRO Level

The most popular in Life Insurance

Group plans must adapt to a changing world of work

Agent fined $1,000 for not disclosing outside activities

Manulife’s net income falls 15.4 per cent

Headlines

Regulator proposes to ban deferred sales charges on seg fund contracts

Canadian regulators approve and recognize new self-regulatory organization

iA launches US advisory firm

Related topics …

Flash

Regulator proposes to ban deferred sales charges on seg fund contracts

Canadian regulators approve and recognize new self-regulatory organization

iA launches US advisory firm

Pacific Blue Cross names new president and CEO

CHUBB

Chubb study examines preferences of high-net-worth clients

Chubb subsidiary in Canada names new president

Chubb appoints new President of Canadian Operations

Two more insurers ditch Trans Mountain pipeline

ALBERTA INSURANCE COUNCIL (AIC)

Regulator waives penalty for cancelling business insurance while licensed

Agent fined $1,000 for not disclosing outside activities

Agent sanctioned for false continuing education declaration

Former agent fined for failing to respond to audit while still licensed

Disciplinary Decisions

Agent sanctioned for failing to maintain errors and omissions coverage

Penalties, costs and disgorgement exceed $5.9-million in misappropriation case

Failure to disclose bequest ends in eight-year ban

Bulk trading strategy ends in two-year ban

Agent and agency fined after self-reported unlicensed activity

Choose your payment method

Confirmation