The Insurance Council of B.C. recently released disciplinary findings against a broker who used insurance premiums from clients to pay business and personal expenses and another agent who accessed confidential files at the Insurance Corporation of British Columbia (ICBC) to spy on his ex-girlfriend.
Theodore (Ted) Young Lee of International Insurance Agencies Ltd. had his licence suspended for two years and was prohibited from holding a senior position with an insurance firm for 10 years. The council also fined him $5,000 and assessed $2,125 in costs.
Canadian Underwriter.ca – June 13, 2012.
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