In the Matter of the FINANCIAL INSTITUTIONS ACT, RSBC 1996, c.141 (the “Act”)
and the INSURANCE COUNCIL OF BRITISH COLUMBIA (“Council”)
and DARSHAN SINGH SIDHU (the “Nominee”)
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 Nominee with written reasons and notice of the intended decision dated June 28, 2018; and
As the Nominee 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. A condition is imposed on the Nominee’s Level 3 general insurance agent licence that requires the Nominee to successfully complete the Council Rules Course and the Duties and Responsibilities for Level 3 Agents and Nominees in British Columbia course, both available through the Insurance Brokers Association of British Columbia, by no later than October 18, 2018, or the Nominee’s general insurance agent licence will be suspended as of October 19, 2018 without further action from Council and the Nominee will not be permitted to complete any subsequent annual filings until such time as the aforementioned courses are successfully completed;
2. The Nominee is fined $1,500.00; 3. The Nominee is assessed Council’s investigative costs of $1,625.00. 4. A condition is imposed on the Nominee’s Level 3 general insurance agent licence that requires the Nominee to pay the above-ordered fine and investigative costs no later than October 18, 2018. If the Nominee does not pay the ordered fine and investigative costs in full by this date, the Nominee’s Level 3 general insurance agent licence is suspended as of October 19, 2018, without further
Order Multiple Insurance Services Inc. and Darshan Singh Sidhu LIC-9137232C114344R1 and LIC-109143C73274R1 / COM-2016-00106 July 20, 2018 Page 2 of 2
action from Council and the Nominee will not be permitted to complete any subsequent annual filings until such time as the ordered fine and investigative costs are paid in full.
This order takes effect on the 20 th day of July, 2018. ______________________________________ Ken Kukkonen Chairperson, Insurance Council of British Columbia