Regulator sanctions agents who failed to respond to demand for information

Two separate cases end in monetary penalties for agents who ignored letters from council.

LIFE INSURANCE | February 14 2024 03:15PM
Agent in the industry one year fined $1,000 for not cooperating with regulator

Failed to respond to demand for information about consumer complaint.

LIFE INSURANCE | January 09 2024 09:15AM
Regulator levies additional sanctions in case where advisors falsified information

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

LIFE INSURANCE | January 08 2024 10:24AM
Alberta Insurance Council orders $145,000 civil penalty

Regulator finds agent initiated 29 life insurance applications containing false information.

LIFE INSURANCE | January 05 2024 10:44AM
Car dealership fined $85,000 for failing to remit warranty premium payments

Insurance council finds that Car Farmers intentionally failed to pay outstanding account.

P&C | January 04 2024 09:16AM
Former licensee fined $1,500 for failing to maintain errors and omissions insurance

Regulator also issued reprimand for being kept in dark about prior discipline matter.

LIFE INSURANCE | August 30 2023 09:24AM
Alberta levies civil penalties for clear pattern of misrepresentation

Terminated agent sold policies tied to employment offers and reimbursed client premiums.

LIFE INSURANCE | July 03 2023 10:47AM