FINANCE & INSURANCE

The backlash against no-contest settlements has spread to the political realm in the United States, even as Canadian regulators consider adopting the controversial settlements to speed up enforcement. Citing concerns over the “accountability and transparency” of...
The Insurance Council of B.C. has banned a general insurance agent's access to the database of B.C.'s public insurer, the Insurance Corporation of B.C. (ICBC), after the council reviewed allegations that the agent had accessed...
The Insurance Council of British Columbia has suspended the license of an insurance broker for 12 months after the broker admitted she used her position in the industry to try to coerce a member of...
Criminal record checks required as part of the certification process for new Alberta agents or adjusters can now be done online. "As part of the application process for certification as an agent or adjuster, the Alberta...
Alberta Insurance Council - February 2011. Click here to access Backcheck service.
INSURANCE ACT Delegation to the Alberta Insurance Council Order in accordance with section 791 of the Insurance Act, the following powers, duties and functions are delegated to the Alberta Insurance Council: To receive applications for certificates of...
When Canadians purchase life insurance now, their broker typically hands them an industry form letter promising that "any insurance product I recommend will be the one I deem to be best suited to meet your...
The Canadian Council of Insurance Regulators (CCIR) is looking into the regulation of general agencies, wholesale agencies, wholesale brokers and third party administrators. The CCIR's agencies regulation committee will also review risks to consumers and legislative...
The working group established by The Canadian Council of Insurance Regulators (CCIR) and The Canadian Insurance Services Regulatory Organizations (CISRO) tabled its final report on incidental selling of insurance (ISI) in November 2008. The ISI...