White, Robert
April
30, 2013
Regulatory Body: Insurance Council of Manitoba
Decision Maker: Life Insurance Council
Council determined this Life and Accident and Sickness Insurance Agent be fined
$500.00 and assessed partial investigation costs in the amount of $1,000.00 for
violation of The Insurance Act Section 113(1)(c) unfair or deceptive
acts or practices, and violations of Life Insurance and Accident and Sickness
Agent’s Code of Conduct (pre 2009): Section 1 Priority of Policyowner
Interests, Section 2 Confidential Information, Section 3 Misrepresentation,
Section 6 Replacement and (current): Section 1 Interests of the Client,
Section 2 Needs of the Client, Section 5 Confidentiality, and Section 7
General Information Disclosure and Documentation.
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