Regulator waives penalty for cancelling business insurance while licensed

Agent not working in the industry, cancels errors and omissions insurance in violation of province’s Insurance Act.

P&C | November 16 2022 03:58PM
Agent fined $1,000 for not disclosing outside activities

Insurance council levies civil penalty for making false or misleading statements on renewal applications.

LIFE INSURANCE | November 15 2022 01:52PM
Agent sanctioned for false continuing education declaration

Failure to complete one course results in $750 fine.

LIFE INSURANCE | November 15 2022 07:57AM
Former agent fined for failing to respond to audit while still licensed

Agent who decided not to renew still required to produce proof of continuing education while licensed.

LIFE INSURANCE | November 10 2022 03:20PM
Ignoring regulator’s demand for information costs former agent $1,000

Alberta Insurance Council levies highest penalty available against agent who failed to respond to a formal demand for in…

P&C | September 09 2022 10:00AM
Misunderstanding errors and omissions requirement ends in $1,000 fine for agent

Regulator states that corporate policy not appropriate coverage for sole proprietor.

P&C | September 08 2022 03:31PM
Alberta council issues fine for failing to respond to demand for information

Agent had errors and omissions insurance in place but failed to respond to audit in a timely manner.

P&C | September 08 2022 10:27AM