Licences
4. (1) An applicant for a licence shall be granted a licence where the Superintendent is satisfied that the applicant, (a) is of good character and reputation; (b) is possessed of a reasonable educational background, if the applicant is an individual; (c) if previously employed or engaged in business, has a satisfactory record in such employment or business; (d) has passed a qualifying examination set by the Superintendent for the purpose, if the applicant is an individual; (e) is otherwise a suitable person to receive a licence; (f) intends to hold himself, herself or itself out publicly and carry on business in good faith as an agent; (g) has not made the application for the purpose of obtaining a licence to act as an agent in respect of any particular risk or risks or directly or indirectly to obtain an agent’s commission for insurance on the applicant’s own life or property or on the lives or property of the applicant’s family, employer or fellow employees; (h) is not in a position to offer inducement or use coercion or undue influence in order to control, direct or secure insurance business and, if the applicant is a corporation, no director, officer, shareholder or employee of the corporation is in a position to offer inducement or use coercion or undue influence in order to control, direct or secure insurance business. R.R.O. 1990, Reg. 663, s. 4 (1); O. Reg. 760/94, s. 4 (1-5). (2) Without limiting the generality of clause (1) (h), if the application is for a licence referred to in clause 393 (2) (b) or (c) of the Act, the applicant shall be deemed to be in a position to offer inducement or use coercion or undue influence in order to control, direct or secure insurance business if the applicant is, (a) an officer or employee of a bank, trust company, loan company or finance company; (b) an assessor, tax collector or issuer of building permits; (c) a doctor or a dentist; (d) a person engaged directly or indirectly in the manufacturing, repairing, servicing or selling of automobiles or in supplying parts or accessories therefor, or an employee of such person; (e) a lawyer or an employee thereof; (f) an employer of employees other than those employed solely for the business of the insurance agency or for the businesses referred to in clauses 5 (6) (a) and (b); (g) a foreman or payroll agent; (h) an accountant, auditor or trustee in bankruptcy; (i) a magistrate or police officer; (j) a member of the clergy or a minister; (k) an officer or employee of an automobile association or club or an agent thereof; (l) a mortgage broker who is not also registered as a real estate broker under the Real Estate and Business Brokers Act; (m) a full-time employee of the Government of Canada or any branch thereof, of any municipal or provincial government in Canada or any branch thereof or of a Crown corporation; (n) an employee of a brewery, brewery warehousing company or a person engaged in handling or dispensing beer or spirituous liquors; (o) an officer or employee of a trade union or trade association; (p) an officer or employee of a credit union or caisse populaire; or (q) a person occupying office space in the office of any person referred to in clauses (a) to (p). R.R.O. 1990, Reg. 663, s. 4 (2); O. Reg. 760/94, s. 4 (6, 7). (2.1) Subsection (2) does not apply if the applicant is also applying for a life insurance licence or if the applicant already holds a life insurance licence. O. Reg. 760/94, s. 4 (8). (2.2) Without limiting the generality of clause (1) (h), if the application is for a life insurance licence, the applicant shall be deemed to be in a position to offer inducement or use coercion or undue influence in order to control, direct or secure insurance business if the applicant is, (a) an officer or employee of a bank or other deposit-taking institution, a loan corporation or a finance company; (b) a doctor or a dentist; (c) a lawyer or an employee thereof; (d) an accountant, auditor or trustee in bankruptcy; (e) a police officer; (f) a member of the clergy or a minister; (g) a mortgage broker who is not also registered as a real estate broker under the Real Estate and Business Brokers Act; (h) a full-time employee of the Government of Canada or any branch thereof, of any municipal or provincial government in Canada or any branch thereof or of a Crown corporation; (i) a person occupying office space in the office of any person referred to in clauses (a) to (h). O. Reg. 760/94, s. 4 (8). (3) Subject to section 6, a licence may be granted to an applicant who is a non-resident of Ontario and who produces a certificate from the Department of Insurance of the province or territory of Canada or the state of the United States of America in which the applicant is resident that certifies that the applicant is licensed for the class of insurance for which the application is made. R.R.O. 1990, Reg. 663, s. 4 (3); O. Reg. 760/94, s. 4 (9). (4) Revoked: O. Reg. 760/94, s. 4 (10).