Registered Insurance Brokers of Ontario

Decision Information

Decision Content

Debra Marie Futcher

Registration Number: D21222

Melbourne, Ontario

 

HEARING DATE:  April 6, 2017

 

MISCONDUCT:  Ontario Regulation 991, ss. 14(1) and 16(4)1

 

PARTICULARS OF THE COMPLAINT:

 

Ms. Debra Marie Futcher was a registered insurance broker conducting business in the London, Ontario area.

 

As a result of information received from the complainant, it appears that Ms. Debra Marie Futcher may have committed misconduct by failing to remit premium payments received from clients to either the brokerage for deposit to the trust account or to the insurance company.

 

DISCIPLINE COMMITTEE’S DISPOSITION:

 

The Discipline committee accepted the plea of guilty by Debra Marie Futcher and accepted the evidence adduced by RIBO in support of the plea of guilty, including an Agreed Statement of Fact and Joint Submission as to penalty, signed on April 3, 2017 by Debra Marie Futcher and finds that Debra Marie Futcher is guilty of misconduct as set out in the Direction.  The Discipline Committee therefore ordered:

 

(a)  that the Certificate of Registration of Debra Marie Futcher is revoked as of the 6th day of April, 2017.

 

(b) that a recommendation be made to the Qualification and Registration Committee that Debra Marie Futcher not be allowed to write the Level 1 licensing exam for a period of not less than five (5) years from the date of this Decision.

 

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