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FSCO claims my mortgage brokerage does not have errors and omissions insurance. What evidence does FSCO have to support this claim?

April 26, 2017brokerage claim errors fsco Insurance mortgage omissions support

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FSCO claims my mortgage brokerage does not have errors and omissions insurance. What evidence does FSCO have to support this claim?

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In October 2008, FSCO conducted errors and omissions insurance audits of all licensed mortgage brokerages. Based on the insurance information that was provided by insurance companies, FSCO determined that your mortgage brokerage did not have errors and omissions insurance coverage from one of the approved insurance providers.