Consensual Agreement and Undertaking (“Agreement”) Bylaw 7(5)(3)(b)
between The Complaints and Investigation Committee (“Committee)
of The General Insurance Council of Saskatchewan (“Council”)
and Karl Matthew Seime & Charlotte Sharp o/a Karrington Enterprises (“Karrington”)
Misconduct 1. Karrington acknowledges and agrees that it violated Council Bylaws when: a) contrary to Bylaw 8(2)(g), it failed to maintain registration with ISC Corporate Registry, pursuant to Schedule A, Part II(6)(1).
b) contrary to Bylaw 8(2)(q), it failed to follow sound business practices by failing to maintain corporate registration.
Rights and Obligations 1. Karringtons’ right to appear before a Discipline Committee of Council has been explained and it fully understands its rights and/or obligations under Council Bylaw 10;
2. Karrington waives its right to appear before a Discipline Committee and undertake(s) not to exercise any appeal rights it may have under Council Bylaw 10, Section 3 or The Saskatchewan Insurance Act, (“Act”) as it relates to matters set out in this Agreement.
3. This Agreement does not preclude Council from pursuing any further investigation against Karrington for future activities not identified in this Agreement that may be in violation of Council Bylaws or the Act.
4. Karrington has been advised by the Committee that it is in its interests to obtain independent legal advice before entering into this Agreement. It has either:
Consensual Agreement and Undertaking Karl Matthew Seime & Charlotte Sharp o/a Karrington Enterprises a) obtained such independent legal advice and is satisfied with the same, prior to executing this Agreement; or
b) willingly chosen not to obtain such advice prior to executing this Agreement. 5. Karrington hereby affirms that it has read and understood the terms of this Agreement and is signing it voluntarily and of its own free will.
Karrington, having waived its rights, undertakes to: 1. Pay a fine in the amount of $2000. 2. Reimburse Council’s investigation costs in the amount of $330. 3. Pay all fines and investigative costs, totaling $2330, within 30 days of receipt of this Agreement.
The Committee’s Agreement: 1. The Committee agrees to accept from Karrington the payments of $2330 as full and final resolution of this violation of Council’s Bylaws as outlined in this Agreement.
2. The Committee further agrees to take no further action against Karringtom for the acknowledged violations of Council’s Bylaws that are set out in this Agreement.
Dated at Dodsland , in the province of, Saskatchewan , this 12 (Town/City) Originally signed by Karl M Seime; Co-owner Signature On behalf of Karl Matthew Seime & Charlotte Sharp o/a Karrington Enterprises.
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th day of December , 2019 (Month) (Year) Print name and title
Consensual Agreement and Undertaking Karl Matthew Seime & Charlotte Sharp o/a Karrington Enterprises Dated at Saskatoon , in the province of, Saskatchewan , this 5 (Town/City) Originally signed by Laureen Major, Co-Chair, Complaints and Investigation Committee General Insurance Council of Saskatchewan
Dated at Regina , in the province of, Saskatchewan , this 13 (Town/City) Originally signed by Anne Parker, Co-Chair, Complaints and Investigation Committee General Insurance Council of Saskatchewan
Bylaw 5, Section 1, subsection 1 reads: “The administrator shall, in addition to the requirements for the contents of a register required by the Act and the regulations, record on the register the existence and results of all disciplinary decisions or orders, court orders, alternative dispute resolution agreements, undertakings and mediation agreements involving a licensee or a person to whom the council has the authority to issue a licence.” Disciplinary actions as described are reported on the Insurance Councils of Saskatchewan website and the Canadian Insurance Regulators Disciplinary Actions (CIRDA) database. 3
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th day of February , 2020 (Month) (Year)