Singh, Ajit
December
2, 2011
Regulatory Body: Insurance Council of Manitoba
Decision Maker: Life Insurance Council
In the replacement of a life insurance policy, the agent was fined $500.00 and
assessed partial investigation costs of $500.00 in violation of Section 113(1)
unfair or deceptive acts or practices in the business of insurance, subsections
(c), (d), (e); and Section 375 (1) (a)Misrepresentation, of The Insurance
Act of Manitoba; Section 8 (a) (ii) and (b) of the Life Insurance Agents and
Accident and Sickness Insurance Agents Licensing Rules and Section 2 - Needs of
the Client, Section 4 – Professionalism and Section 7 - General Information
Disclosure and Documentation of the Life Insurance and Accident and Sickness
Agent's Code of Conduct.