Tat, Henry
September
21,
2010
Regulatory Body: Insurance Council of Manitoba
Decision Maker: Life Insurance Council
Agent fined $2,500.00, assessed partial investigation costs in the amount of
$1,250.00, and his licence was suspended for four weeks for fronting an
unlicensed agent in violation of The Insurance Act of Manitoba Sections
375 and 378 (1) - May not offer compensation to prospect, and Life Insurance
and Accident and Sickness Agent’s Code of Conduct Section 1 - Priority of
Policyowner Interests, Section 2 - Confidential Information, Section 3 -
Misrepresentation, Section 5 - Sharing of Compensation and Section 10 - Good
Faith and Compliance with Law.
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