FILM INSURANCE BROKER LICENSING
Did you know:
- Your Film broker must be licensed in each province that they place business in?
- There are penalties for conducting business as a Film Insurance broker in a province in which one is not licensed?
- There are potential consequences for a broker’s client if their broker isn’t properly licensed?
Each province has it’s own Insurance Act. Each province is in charge of enforcing the rules according to their unique Act. Given that the auto market within each Province has separate laws and regulations, insurance will be governed by separate rules within each Province
If a broker is found in violation of a Provincial Insurance Broker Act, they will potentially face not only fines and possible imprisonment, but also have their credibility and reputation tarnished.
An insurance company could reject a claim on the basis that the broker wasn’t properly licensed. Make sure the Film Insurance Broker you are dealing with is licensed in the province where you have incorporated your film production company.
Front Row is a specialized Film Insurance Broker that is licensed and registered in all Canadian provinces.