Inappropriate coverage leads to agent’s suspension

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By Kate McCaffery | Aug. 25, 2021, 9:22 a.m.

A client reported that the agent coerced her into increasing insurance coverage beyond what was necessary and entered fraudulent or willfully inaccurate information on the insurance application.

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ALBERTA INSURANCE COUNCIL (AIC)

Regulator sanctions agents who failed to respond to demand for information

Agent in the industry one year fined $1,000 for not cooperating with regulator

Regulator levies additional sanctions in case where advisors falsified information

Alberta Insurance Council orders $145,000 civil penalty

Disciplinary Decisions

Agent who defrauded retired couple banned from securities registration

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