Insurance Regulator Takes Action Against Life Insurance Sales Practices

Insurance Regulator Takes Action Against Life Insurance Sales Practices
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The Canadian Press
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Ontario’s insurance regulator says it has taken enforcement action after finding widespread deficiencies related to the sale of life insurance products.

The Financial Services Regulatory Authority of Ontario says it looked into the conduct of life insurance agents at companies that use a multi-level marketing model for recruitment and found “unacceptable” levels of non-compliance.