The Insurance Council of British Columbia said Candice Samantha Sharpe-Terreault has had her license suspended for one year and must pay investigative costs of $843.75 for her actions following an automobile accident
Dr. Eric Yung appointed as a lay person representative voting member
Jerome Hallé of Groupe Hallé Assurance Services Financieres charged with 35 offenses including dishonest conduct, making false statements and misappropriation of premiums
Quebec’s regulator seeking $12,000 in fines from Georges Younes who is accused of acting illegally as a claims adjuster without holding any certifications
The AMF files 133 charges against Richard Longpré and is seeking fines totaling $1,305,000 and a prison term
Exempt market securities, sometimes called “alternative investments” are investment vehicles that do not require the seller to hold a securities registration in B.C. and can be sold by life insurance agents
Agreement allows insurance and securities professionals to easily pursue careers in either jurisdiction
Three RIBO Council seats will be filled each year, and at least one must be from a firm employing fewer than 20 licensed brokers
RIBO Council approved $10 registration fee increase; Fee reduction available for renewals made online
The process for Alberta residents to complain about insurance companies has changed. As of April 1, 2011, issues, concerns or complaints about insurance companies are handled by the Office of the Superintendent of Insurance. Any issues, concerns or complaints regarding insurance agents or licensed independent insurance adjusters will continue to be dealt with by the [...]
The New Brunswick Insurance Board will not approve differentials for Direct Compensation-Property Damage (DCPD) deductibles. In a memo, the Board said it has recently been made aware that there may be circumstances where automobile insurers have offered a deductible on DCPD coverage to their commercial customers. It says Subsection 254.1(7) of the Insurance Act allows [...]
The Autorité des marchés financiers (AMF) has launched penal proceedings against eight individuals in connection with the matter of Progressive Management Limited and is seeking fines totaling $2,155,000. The AMF filed 123 charges against Jacques Caya, a former insurance of persons representative, who it alleges illegally pursued activities as a securities dealer on 64 occasions, [...]
The Autorité des marchés financiers (AMF) released its 2009-2010 Annual Report. The Report includes the AMF’s financial statements and covers its primary activities for the fiscal year from April 1, 2009 to March 31, 2010, particularly with respect to the administration of the following laws: the Deposit Insurance Act, the Securities Act, An Act respecting [...]
The Autorité des marchés financiers (AMF) is extending the transition period for the sale of replacement guarantees to September 30, 2010. As a result, the date set for full and final implementation of the new rules governing replacement insurance and use of the AMF-approved form is now October 1, 2010. In a Notice published on [...]
View the video here on your mobile device. Quebec securities regulator L’Autorité des marchés financiers (AMF) laid a total of 855 charges last year, sanctioned 783 individuals and companies, and collected more than $81 million dollars in fines and penalties. The AMF reported these figures and others in its enforcement report for 2009. Monetary penalties [...]
