FREE Membership Sign in

MENU

Saskatchewan agency fined for errors and omissions lapse

By Kate McCaffery | Oct. 15, 2021, 8:13 a.m.

Flash | P&C Insurance | Business insurance | Errors and omissions | LIFE INSURANCE COUNCIL OF SASKATCHEWAN (LICS) | Disciplinary Decisions

The agency’s E&O coverage lapsed for 16 days in 2020.

This article is reserved to PRO Level subscribers

Discover the PRO Level

Advertisement

The most popular in Life Insurance

Individual critical illness insurance: The main products available in Canada

Missing supervision certificate results in fine

Pattern of year-over-year application declines reverses course

Headlines

Fund salesperson banned for outside activities

Rogers Insurance and CapriCMW merge operations

Insurers: beware of fraudulent solicitation!

Advertisement

Related topics …

Flash

Fund salesperson banned for outside activities

Rogers Insurance and CapriCMW merge operations

Rep sanctioned for third party app usage and failing to act as gatekeeper

Major Group sets sights on growth

P&C Insurance

Misunderstanding errors and omissions requirement ends in $1,000 fine for agent

Agent fined $5,000 for issuing false pink cards for his own insurance policy

Luxury vehicles: Insured may be paying the price for a lackadaisical approach

Home and auto insurtech expands into Ontario

Business insurance

Property & casualty insurance market gradually improving

Definity's net income plunges 41.4 per cent

Intact’s net income down 13 per cent

The Co-operators’ net income falls 33.2 per cent

Errors and omissions

Hospitality: New premium increase in sight

COVID-19 claims: Uncertainty lingers in commercial insurance

Failure to maintain E&O policy results in sanctions for Saskatchewan rep

Failure to maintain errors and omissions insurance leads to fine

LIFE INSURANCE COUNCIL OF SASKATCHEWAN (LICS)

Missing supervision certificate results in fine

Fines levied for failing to meet continuing education requirements

Penalties levied for failing to maintain errors and omissions coverage

Missing continuing education credits prove costly

Disciplinary Decisions

Regulator extends license suspension for agent accused of fraud

Agent fined for disclosing confidential client information to a third party

Agent suspended one year for fraudulent disability claims on own policy

Firm fined for failing to disclose litigation against it