Levies $260,000 in sanctions in case reported by the Équité Association.
Proposed administrative penalty halved pursuant to a settlement agreement and undertaking.
Elderly client’s beneficiary designation changed to name agent’s father.
Insurance regulator points out that contracts are not annuities or pensions, despite claims.
Recruits told purchasing insurance was a condition of training enrollment.
Unfair or Deceptive Acts or Practices (UDAP) rule amended and sent to Minister for approval.
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