The appellant insurance broker appealed the revocation of its certificate by the Registered Insurance Brokers of Ontario.
The certificate was revoked because the appellant failed to maintain at least two contracted markets, as required by the Qualification Guidelines.
The appellant argued the Guidelines contradicted the Registered Insurance Brokers Act and were beyond the Committee's jurisdiction.
The Court of Appeal dismissed the appeal, finding the requirement was a reasonable interpretation of the regulation and the Guidelines were discretionary rather than mandatory.
