New agent allegedly split commissions with ex-agent, churned those clients
New proposed amendment addresses removal of DSCs on existing seg fund contracts
Conflict of interest concerns spark regulators' review
Clients now get protection for at least 90% of their death benefits, seg fund guarantees and other coverages if their life insurer fails
The breach, which affected clients of InvestorCOM, has compromised information related to Empire Life's seg funds and mutual funds
Ban should apply in provinces that have yet to announce it, regulators say
Insurance regulators promised new guidance on upfront compensation structures
Ahead of the proposed DSC ban for seg funds, a familiar refrain is in play
CSA and CCIR finalize CRM3 rules, give industry until 2026 to adopt
Final rules for a ban beginning June 1 were sent to the finance minister for approval