Simon, Tibor
November
1, 2011
Regulatory Body: Insurance Council of Manitoba
Decision Maker: Life Insurance Council
Agent fined $250.00 and assessed partial investigation costs of $250.00 in violation of The Insurance Act of Manitoba Section 370(3.1)(2) for failure as an insurer authorized appointee to perform reasonable screening procedures to determine if an applicant is suitable for a licence prior to recommending an applicant. In addition agent was found to be in violation of Section 17 of The Act and Section 9 of the Life Insurance and Accident and Sickness Agent's Code of Conduct - Dealings with the Insurance Council of Manitoba. The ability to act as an authorized appointee for the insurer was revoked.
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