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Saskatchewan levies fine for errors and omissions coverage

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By Kate McCaffery | Oct. 5, 2022, 10:51 a.m.

Flash | LIFE INSURANCE COUNCIL OF SASKATCHEWAN (LICS) | Disciplinary Decisions

He failed to notify the insurance council upon discovering the failure to maintain the prescribed financial security requirements.

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LIFE INSURANCE COUNCIL OF SASKATCHEWAN (LICS)

Saskatchewan council fines agent for missing continuing education credits

Regulator hands out warning letters to agents who failed to respond to inquiries

Saskatchewan licensee receives small fine for failing to maintain liability insurance

Errors and omissions breach in Saskatchewan costs firm $740

Disciplinary Decisions

Continuing education lapse and lack of criminal charge disclosure warrant sanctions

Council cancels license without hearing

Life and general insurance agent assessed fines for both licenses

Six years of missing errors and omissions insurance costs agency