The Life Insurance Council of Saskatchewan’s market practices committee has entered into a consensual agreement and undertaking with two different licensed agents who failed to meet the continuing education (CE) credit hours required.
In both cases, the council fined the licensees, ordered each to pay investigation costs, and required that both complete the missing credit hours within six months of accepting their respective agreements with the life insurance council.
In the first case, Braxton James Lawrence agreed that he is guilty of misconduct and violated the council’s bylaws when he failed to meet the 15 CE credit hours required for the August 2017 to August 2018 reporting period. He also stated that he satisfied the CE requirements on annual reporting forms when he did not in fact complete the requisite course work. The council fined Lawrence $2,000, ordered investigation costs in the amount of $550 and ordered Lawrence to complete 27 hours by December 2022.
Leah Suzanne Sperle did not falsely report having completed her requisite CE hours, but did agree that she was guilty of misconduct and violated council’s bylaws when she failed to meet the 15 CE credit hours requirement between May 2018 and 2019. She was ordered to pay a penalty in the amount of $1,000, investigation costs of $550 and was ordered to complete 14 credit hours within six months – before January 2023.