In the Matter of the
FINANCIAL INSTITUTIONS ACT (RSBC 1996, c.141) (the “Act”)
and the
INSURANCE COUNCIL OF BRITISH COLUMBIA (“Council”)
and
MANJIT KAUR BRAR (the “Former Licensee”)
ORDER TO AMEND COUNCIL’S FEBRUARY 5, 2019 ORDER
Pursuant to section 237 of the Act, Council convened a hearing at the request of the Former Licensee to dispute an intended decision dated October 31, 2017.
A Hearing Committee heard the matter on May 7, 2018 and presented a Report of the Hearing Committee (the “Report”) to Council at its January 22, 2019 meeting.
Council considered the Report and made an order, effective February 5, 2019, to cancel the Former Licensee’s life and accident and sickness (“Life Agent”) licence with no opportunity to reapply for a Life Agent licence for a period of four years, impose investigation and hearing costs, and require the Former Licensee to complete an ethics course prior to any future applications being considered (the “February 5, 2019 Order”), pursuant to sections 231, 236, and 241.1 of the Act.
The Former Licensee appealed the investigation and hearing costs set out in the February 5, 2019 Order to the Financial Services Tribunal (the “FST”), asked for an extension of time to file the appeal and a stay of the February 5, 2019 Order pending final determination of the appeal. On July 31, 2020, the FST granted an extension of time to file the appeal, but declined to grant a stay of the February 5, 2019 Order.
On July 16, 2021, the FST issued its final decision regarding the appeal of the February 5, 2019 Order. The FST has ordered the cancellation of the investigation and hearing costs set out in the February 5, 2019 Order.
In accordance with the FST decision, the February 5, 2019 Order is amended as follows (amendments underlined or struck-out as applicable):
1. The Former Licensee’s life and accident and sickness insurance licence is cancelled with no opportunity to reapply for a life and accident and sickness insurance licence for a period of four years, commencing February 5, 2019 and ending at midnight on February 4, 2023; and
Order to Amend Council’s February 5, 2019 Order Manjit Kaur Brar LIC-2017-0003244-R01 / COM-2017-00443 August 11, 2021 Page 2 of 2
2. The Licensee is assessed investigation costs of $3,055.00, which are due and payable no later than May 6, 2019;
3. The Licensee is assessed hearing costs of $5,196.25, which are due and payable no later than May 6, 2019; and
4. The Former Licensee is required to complete an ethics course (or equivalent), as approved by Council, before Council will consider a licence application from the Former Licensee.
This order takes effect on the 11 th day of August, 2021.
Janet Sinclair, Executive Director Insurance Council of British Columbia
In the Matter of the
FINANCIAL INSTITUTIONS ACT (RSBC 1996, c.141) (the “Act”)
and the
INSURANCE COUNCIL OF BRITISH COLUMBIA (“Council”)
and
MANJIT KAUR BRAR (the “Licensee”)
ORDER
Pursuant to section 237 of the Act, Council convened a hearing at the request of the Licensee to dispute an intended decision of Council dated October 31, 2017.
The subject of the hearing was set out in an Notice of Hearing dated April 23, 2018.
A Hearing Committee heard the matter on May 7, 2018 and presented a Report of the Hearing Committee to Council at its January 22, 2019 meeting.
Council considered the Report of the Hearing Committee and made the following orders pursuant to sections 231, 236, and 241.1 of the Act:
1. The Licensee’s life and accident and sickness insurance licence is cancelled with no opportunity to reapply for a life and accident and sickness insurance licence for a period of four years, commencing February 5, 2019 and ending at midnight on February 4, 2023;
2. The Licensee is assessed investigation costs of $3,055.00, which are due and payable no later than May 6, 2019;
3. The Licensee is assessed hearing costs of $5,196.25, which are due and payable no later than May 6, 2019; and
4. The Licensee is required to complete an ethics course (or equivalent), as approved by Council, before Council will consider a licence application from the Licensee.
This order takes effect on the 5
th day of February, 2019.
__________________________________________ Ken Kukkonen Chairperson, Insurance Council of British Columbia
FINANCIAL INSTITUTIONS ACT
a. Witnesses
b. Exhibits
c. Facts
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