. The RIB Act grants the Discipline Committee power to impose penalties on members found guilty of misconduct, which is defined under Section 15(1) of Ontario Regulation 991. Which one (1) of the following acts is NOT defined as "misconduct". Being convicted after October 1, 1981 of a criminal offence or an offence under the Insurance Act. Failure to comply with the RIB Act, Regulations and By-laws. The payment of any referral or finder's fee to an insurance broker registered in the province of Quebec to act as an intermediary for insurance, other than life insurance. The use of any practice or conduct that results in unreasonable delay or resistance to the fair adjustment of claims.

. The RIB Act grants the Discipline Committee power to impose penalties on members found guilty of misconduct, which is defined under Section 15(1) of Ontario Regulation 991. Which one (1) of the following acts is NOT defined as "misconduct". Being convicted after October 1, 1981 of a criminal offence or an offence under the Insurance Act. Failure to comply with the RIB Act, Regulations and By-laws. The payment of any referral or finder's fee to an insurance broker registered in the province of Quebec to act as an intermediary for insurance, other than life insurance. The use of any practice or conduct that results in unreasonable delay or resistance to the fair adjustment of claims.

Contemporary Auditing

11th Edition

ISBN:9781337650380

Author:KNAPP

Publisher:KNAPP

Chapter1: Comprehensive Cases

Section1.6: Le-nature’s Inc.

Problem 7Q

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