Inglis, Matthew
February 24, 2012
Regulatory Body: Insurance Council of Manitoba
Decision Maker: Life Insurance Council
In the replacement of a life insurance policy, the Agent was fined $1,000.00 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; and Section 1 – Interests of the Client, 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.
You are being directed to the most recent version of the statute which may not be the version considered at the time of the judgment.