Early resolution reached thanks to dealer’s “exceptional” cooperation.
Regulator finds agent initiated 29 life insurance applications containing false information.
Insurance council finds that Car Farmers intentionally failed to pay outstanding account.
Response to agency’s scoping paper encourages industry’s involvement in pricing review.
Impact of revised Life Insurance Capital Adequacy Test guidelines also examined.
Once established, agency is expected to take a greater role in Canada’s drug system.
Supervision costs and fine imposed by firm adds $9,700 to regulator’s penalties.