Janczyn, Douglas
July
30, 2009
Regulatory Body: Insurance Council of Manitoba
Decision Maker: Life Insurance Council
Council determined that this Life Insurance agent pay a fine in the amount of $5,000.00 and assessed partial investigation costs of $2,500.00 for contravention of The Insurance Act of Manitoba; Sections 113 (1) and 113 (2) unfair or deceptive act or practice in the business of insurance, and Section 375 demonstrated incompetency or untrustworthiness; and Life Insurance Agent Code of Conduct, Section 1 Priority of Policyowner Interests, Section 3 Misrepresentation, and Section 10 Good Faith and Compliance with Law. Agent was determined to be unsuitable to hold a licence in accordance with Section 371(2) of The Insurance Act.