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Insurance Portal
insurance-portal.ca

Insurance agent sanctioned for falsifying coverage on uninsured building

5+ day, 22+ hour ago   (388+ words) The Registered Insurance Brokers of Ontario (RIBO) has published its decision and reasons for sanctioning Cairine Bruce after the level 3 broker, first licensed in 1976, falsified insurance documents to satisfy a mortgage lender’s inquiry about a building which had been uninsured…...

Insurance Portal
insurance-portal.ca

False statement to insurer: representative fined $4,000

1+ week, 2+ day ago   (502+ words) The disciplinary committee of Quebec’s Chambre de l'assurance fined Johanne Tessier (certificate No. 158067), a damage insurance representative, $4,000 for providing false information to L'Unique General insurance when submitting a client’s insurance application, resulting in the retroactive cancellation (ab initio) of the…...

Insurance Portal
insurance-portal.ca

Regulator assesses administrative penalty for unlicensed sales

1+ week, 4+ day ago   (248+ words) A former billing specialist has admitted that he acted as an insurance agent in numerous automobile insurance registrations between 2022 and 2024. During the period, Chintankumar Narendra Thakkar collected at least $10,000 in fees from his activities as an unlicensed insurance agent. Although…...

Insurance Portal
insurance-portal.ca

Court allows client appeal of insurer demand for examination under oath

1+ week, 6+ day ago   (473+ words) A decision from the New Brunswick Court of Appeal in favour of a client whose home was damaged by fire, has denied the insurer in the case the stay of proceedings it sought, and has declined to force the client…...

Insurance Portal
insurance-portal.ca

Auto claims: Regulator concerned about preferred provider network compliance

2+ week, 5+ day ago   (358+ words) Following a two-year effort to effectively supervise health service providers (HSPs) in Ontario, the Financial Services Regulatory Authority of Ontario (FSRA) has published its findings indicating that the sector is generally non-compliant with certain regulatory requirements. Notably, only 16 per cent…...