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Insurance Council of B.C.

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News BrokersInsuranceLegislation / Regulation

Province to launch restricted licence for incidental insurance

June 6, 2023 by David Gambrill

B.C.’s broker regulator, the Insurance Council of B.C., is now consulting on a proposed new restricted licensing framework to regulate the sale of incidental insurance, the council announced in late May. The regulator’s initiative follows the province’s Bill 37, which

News BrokersInsurance

Former broker penalized for misappropriation scheme

October 1, 2019 by Jason Contant

A former broker in British Columbia is banned from applying for a licence for three years after the provincial regulator found he misappropriated funds received on behalf of an insurer for his own personal benefit. Vladimir Prokopchik had been licensed

News AdjustersInsuranceLegal

Regulator allows adjuster to co-own a moving company that sells to insurers

August 9, 2018 by David Gambrill

In a clear conflict of interest case, the Insurance Council of B.C. has allowed an insurance adjuster who co-owns an adjusting firm with his wife to double as a minority owner in a moving and storage company that sells its

News BrokersInsuranceLegal

What happened to the broker caught cheating on her CAIB 3 exam

July 4, 2018 by David Gambrill

A B.C. broker caught cheating on her CAIB 3 broker licensing exam has had her general and life insurance licenses suspended for a year. The Insurance Council of B.C. noted the broker was not deceptive when confronted about her behaviour.

News BrokersInsuranceLegal

Broker fined after leaving agency with his own book of business

May 8, 2018 by David Gambrill

A B.C. broker who believed he was leaving one agency for another with his own book of business received a $2,500 fine for a privacy breach when he took a spreadsheet of his clients’ information with him. Before joining his

News InsuranceLegislation / Regulation

Broker fined $1,000 for “improper” home visit to elderly, unwell client

February 27, 2018 by David Gambrill

B.C.’s broker regulator showed little compassion for a broker who flouted a license restriction by making an out-of-office visit to a sick elderly client to renew her auto insurance. The Insurance Council of B.C. fined Safir Mohamed Lalji $1,000 for

News InsuranceMarkets / Coverages

Broker fined for unorthodox method of storing client documents

February 20, 2018 by David Gambrill

A B.C. broker has been fined $2,500 and ordered to complete a privacy compliance course after it was discovered that she was storing client documents in the locked garage of her home. Her time-honoured, paper-based method of storing documents came

News InsuranceLegalMarkets / Coverages

One-year suspension for broker who involved unlicensed spouse in renewals

January 11, 2018 by Jason Contant

B.C. broker Elliott Herrera had his license suspended for a year after the provincial regulator found that he had his unlicensed spouse assist him with insurance activities. Once his spouse had obtained an insurance licence, Herrera then provided client information

News InsuranceLegislation / Regulation

Broker loses licence for preferred vendor kickback scheme

January 10, 2018 by David Gambrill

A B.C. broker has had his licence cancelled for five years after the provincial broker regulator found that he had participated in a kickback scheme involving a potential preferred vendor for the brokerage. Bhupinder Singh Atwal, assistant vice president at