In the Matter of the FINANCIAL INSTITUTIONS ACT, RSBC 1996, c.141 (the “Act”)
and the INSURANCE COUNCIL OF BRITISH COLUMBIA (“Council”)
and SUN KYUNG OH (the “Licensee”)
ORDER As Council made an intended decision on May 8, 2018, pursuant to sections 231, 236, and 241.1 of the Act; and
As Council, in accordance with section 237 of the Act, provided the Licensee with written reasons and notice of the intended decision dated July 10, 2018; and
As the Licensee has not requested a hearing of Council’s intended decision within the time period provided by the Act;
Under authority of sections 231, 236, and 241.1 of the Act, Council orders: 1. The Licensee’s Level 1 general insurance salesperson licence is cancelled with no opportunity to reapply for an insurance licence for a period of three years, commencing on August 2, 2018 and ending at midnight on August 1, 2021; and
2. The Licensee is assessed Council’s investigative costs of $1,000.00 which are due and payable no later than October 31, 2018.
This order takes effect on the 2 nd day of August, 2018. Ken Kukkonen Chairperson, Insurance Council of British Columbia