CONSENSUAL AGREEMENT AND UNDERTAKING (“Agreement”)
Between
THE MARKET PRACTICES COMMITTEE (the “Committee”) of
THE LIFE INSURANCE COUNCIL OF SASKATCHEWAN (“Council”)
And Leah Suzanne Sperle (the “Licensee”)
The Licensee acknowledges and agrees that she received the Notice regarding a Proposed Action, pursuant to section 10-11 of The Insurance Act (the “Act”), and the reasons therefor from Council, dated June 22, 2022.
The Licensee acknowledges and agrees that she is guilty of misconduct and that she violated Council Bylaws as follows:
Bylaw 4-1(1)(c) when she breached Bylaw 9-1(1) The Licensee failed to meet the fifteen (15) CE credit hours requirement for the May 12, 2018 and May 12, 2019 reporting periods.
The Licensee acknowledges and agrees that: a. Her right to make a written submission to or appear before the Committee at an oral hearing to make representations as to why this action should not be taken has been explained and that she fully understands her rights and/or obligations.
b.
c.
The Licensee waives her right to make a written submission to the Committee or to appear before the Committee at an oral hearing and chooses to resolve this matter by way of this Agreement and accordingly waives any right of appeal with respect to this action.
This Agreement does not preclude the Council from pursuing any other investigation and/or sanctions against the Licensee for activities not identified in this Agreement that may be in violation of the Act, The Insurance Regulations or Council Bylaws.
d.
e.
Consensual Agreement and Undertaking Leah Suzanne Sperle
The Licensee has been advised that it is in her best interest to obtain independent legal advice before entering into this Agreement. The Licensee has either:
a. obtained such independent legal advice prior to executing this Agreement; or b. has willingly chosen not to obtain such advice prior to executing this Agreement. The Licensee hereby affirms that she has read and understands the terms of this Agreement and is signing it voluntarily.
The Licensee, having waived her rights, accepts and undertakes to fulfill the sanctions imposed by the Committee as follows:
a.
b.
c.
d.
Pay a penalty in the amount of $1000.00.
Pay the costs of investigation in the amount of 5 hours x $110.00 per hour = $550.00
Pay the fine and costs of investigations (for a total of $1550.00) within 30 days from the date of receipt of this Agreement.
Complete 14 CE credit hours within 6 months of the acceptance of the Agreement.
The Committee’s Agreement: Upon fulfillment of the sanctions imposed, the Committee agrees this will be the full and final resolution of the violations of The Insurance Regulations and Council’s Bylaws by the Licensee as outlined in this Agreement.
________o_r_ig__in__a_l_ly_ _s_i_g_n_e__d_ _b_y_:_ L__e_a_h_ _S_p__e_r_le_________________ ______J_u_l_y_ _6_,_ 2__0_2_2______________________ Signature of the Licensee Date
________L__e_a_h_ _S_p__e_r_le______________________________________ _______J_u_l_y_ 6__, _2_0__2_2_____________________ Name of the Licensee (please print) Date
________o_r_ig__in__a_l_ly_ _s_i_g_n_e__d_ _b_y_ _G__ra__n_t_ L__a_u_b__e_ _fo__r_: ___________ _______J_u_l_y_ _1_5__, _2_0_2__2___________________ THE MARKET PRACTICES COMMITTEE Date Life Insurance Council of Saskatchewan
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Consensual Agreement and Undertaking Leah Suzanne Sperle
Penalties affecting insurance intermediary’s licence
5-39(3) If a penalty imposed against a holder of an insurance intermediary’s licence pursuant to subsection (2) is not paid within 30 days after the holder is served with the written notice of the penalty and the decision of the Superintendent is not appealed, the licence is automatically suspended immediately following the last date for paying the penalty or appealing the decision, whichever is later, and remains suspended until the penalty is paid or the licence expires.
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