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Regulator levies additional sanctions in case where advisors falsified information

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By Kate McCaffery | Jan. 8, 2024, 10:24 a.m.

Flash | ALBERTA INSURANCE COUNCIL (AIC) | Disciplinary Decisions

Fake information provided in 10 applications costs agent $50,000.

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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

Alberta Insurance Council orders $145,000 civil penalty

Car dealership fined $85,000 for failing to remit warranty premium payments

Disciplinary Decisions

Inactive agent with an active license fined for not maintaining liability insurance

Supervisors fined when licensee leaves client uninsured for months

Agent who defrauded retired couple banned from securities registration

Agency fined $20,000 for repeatedly allowing unlicensed activity