Other Business Activity

Conflict of Interest Guidelines

  • Code of Conduct: Effective January 25, 2015 the Conflict of Interest Guidelines for Insurance Agents, Adjusters, and Salespersons (“Guidelines”) have been incorporated into the Code of Conduct (“Code”) as Appendix A.

Other Employment/Business Activities Guidelines

  • Periodically review the List of Other Employment and Business Activities Considered by Council to keep up-to-date with Council decisions.
  • Even if your business activities are not on the List of Other Employment and Business Activities Considered by Council, use discretion to ensure they do not have the potential to create a conflict of interest.
  • If you start a business activity after you get your licence: You don’t have to notify Council, if it’s not a business activity similar to one on the List where Council has declined to issue a licence.
  • If you start or are engaging in business activity similar to one where Council has declined to issue a licence:
    • Immediately notify Council using the Request for Review of Other Business Activities form. Council will review and determine an appropriate course of action.
    • Immediately modify your insurance activities in accordance with the licence conditions outlined in the List:
      • If a complaint arises that is related to the business activity, directly or indirectly, licensees who do not modify their insurance activities could have their suitability reviewed.
      • If licensees are found to have acted in a conflict of interest based on their business activity, they can be subject to disciplinary or other action as warranted.
  • Existing licensees are always welcome to submit a Request for Review of Other Business Activities form.