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Real Estate Errors and Omissions Insurance Corporation

A special act corporation formed pursuant to the Real Estate Services Act solely to provide errors and omissions insurance to British Columbia real estate licensees.

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February 16, 2017

Do I have coverage for fines or penalties levied by the BC Financial Services Authority?

A

Do I have coverage for fines or penalties levied by the BC Financial Services Authority?

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No, there is no coverage under the Indemnity Plan for complaints made against you to the BC Financial Services Authority or for any fines, sanctions or penalties (including orders requiring you to disgorge, or give up, commissions or fees) that the BC Financial Services Authority may impose on you.

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