Pacific Place Group website at:

www.pacificplacegroup.com

Real Estate website at:

www.pacificevergreenrealty.co

Holidays & Observances

March 17 St. Patrick’s Day

March 20 First Day of Spring

March 18 –29 Spring Break

March Seminars

March 5 BMO

March 6 Empire Life

March 13 Manulife

March 20 Sunlife

March 27 Canada Life

March NEWSLETTER

Did you know...

HIST ORY OF MARCH

March was originally the first month of the year in older versions of the Roman calendar because of its association with the first day of spring. The vernal or March equinox occurs during this month, falling on the 19th, 20th, or 21st day. March also marked a time when war would resume after the winter months.

January became the first month of the calendar year around 700 BCE. Although January 1st is New Year’s Day, many cultures and religions still celebrate the beginning of the new year in March.

Third Month in the Year

March is the third month of the year in the Julian and Gregorian calendar that consists of 31 days. It was the first month of the year in the 10-month Roman calendar. It is considered the seasonal equivalent of September in the opposite hemisphere.

March starts on the same day of the week as February and November and ends on the same day of the week as June in common years.

Birth Flower and Stone

March’s birth flower is the daffodil.

The birthstones for March are aquamarine and bloodstone which symbolize

courage.

Vancouver—Head office Surrey

Oakridge Centre - North Tower Surrey Central Business Park

#555-650 W. 41st Avenue #100-7565 132nd Street

Vancouver, BC V5Z 2M9 Surrey, BC V3W 1K5

Burnaby Richmond

Metrotown Centre - Metrotower 1 Airport Executive Park

#2129-4710 Kingsway #130-10271 Shellbridge Way

Burnaby, BC V5H 4J5 Richmond, BC V6X 2W8

PPG Locations

Administration Roles and Responsibilities — March 1, 2019

Wayne Yu Corporate Manager 604-267-1833 EXT: 231

Yim Yu Account Manager 604-267-1833 EXT: 244

Mimi Sum Office Manager 604-267-1833 EXT: 232

Shan Shan Chang Office Administrator (Rmd) Tel: 236-521-3799

Pacific Place-Financial Services Inc./Bridgeforce Pacific Place (Financial Services Division) Tel: 604-267-1833

Hendry Liu General Manager Tel: 604-558-7610 or EXT: 250

Jim Lew Director of Business Development Tel: 604-558-7610 or EXT: 251

James Qiu Marketing Assistant Tel: 236-521-3799 or EXT: 250

Shalendra Kumar Sales Manager (Surrey) Tel: 604-558-7616

Mohan Poddar Branch Manager Tel: 604-558-7618

Mimi Sum Group Ins, Commission, Manulife Investments. (BBY Tel: 604-558-7614) or EXT: 232

Mable Wong New Business: Assumption Life, Manulife Life, CPP, Empire Life, Tel: 604-558-7609

Equitable Life, Forester’s, Sunlife , Compliance.

Angel Li Policy Service, Travel Insurance, Investments: Canada Life. EXT: 222

New business: Desjardins, SSQ, Equitable.

Elia Chan Contracting, New Life: BMO, IA, IA Excellence, Ivari, RBC, Tel: 604-558-7608

Manulife Investments.

Winnie Chan Commissions, Marketing Materials. EXT: 249

Tiffany Tang (On Maternity leave) EXT: 245

Vancouver Burnaby Surrey Richmond

Pacific Place-Insurance Services Inc. (General Insurance Division) Tel: 604-267-1833

Kate Zhang Condo & House: New Quote & Endorsements, Claims, Payment EXT: 228

Angus Yiu ICBC, Commercial, IT EXT: 243

Michael Hu ICBC, ICBC Batching, New Condo quotes EXT: 239

Tiffany Yu Renewal, Reminder and payments EXT: 226

Emily Wu Renewal, Reminder and payments EXT: 226

Evan Shi ICBC EXT: 223

Yuki Li ICBC—Training EXT: 235

Pacific Place-Arc Realty Ltd. (Real Estate / Property Management Division) Tel: 604-267-1833

Lo-Ming Lee Managing Broker EXT: 233

Jason Wood Business Development Consultant EXT: 230

Bingji Hao Managing Broker Assistant EXT: 233

Teresa Chiang Real Estate Conveyancer EXT: 241

Jimmy Ng Property Management Tel: 236-521-3789

Pacific Evergreen Realty Ltd. (Real Estate Division) Tel: 604-267-1833

David Yang Managing Partner Tel: 604-250-3696

Lo-Ming Lee Managing Broker EXT: 233

Jason Wood Business Development Consultant EXT: 230

Bingji Hao Managing Broker Assistant EXT: 233

Julia He Real Estate Conveyancer EXT: 224

Vancouver Burnaby Surrey Richmond

• L I F E I N S U R A N C E U P D A T E S •

In the News

Stronger together in 2019

2019 Financial Facts @ your fingertips

Competitive Edge Newsletter

Top 5 Reasons for choosing SmartApp

Choosing the best simplified solution

Your client has diabetes, don’t worry we’ve got you

covered!

APEXA aims to be adopted as industry standard

Personal Health & Dental Plans

• L I F E I N S U R A N C E U P D A T E S •

Membership News

IA Connected

Ivari Info

Loyalty Bonus

Infosource News

Sunlife Newsflash

5575 is now available! Cancer Insurance for people 55-75

Hot new term rates!

Promotional rates on GICs and Equity GIAs

Feb 14, 2019—March 31, 2019

Solutions Magazine

Notice of appointment… New Vice President, Business

Development and Marketing, Individual Insurance and

Investment & Retirement

Please click on link below to read CAILBA’s NEW compliance update

Compliance Update February 2019

1.) Emphasize key elements: what personal information is being collected;

which parties' personal information is being shared; for what purposes personal information is collected, used or disclosed, and the risk of harm and other potential consequences.

2.) Allow individuals to control the level of detail they get and when 3.) Provide individuals with clear options to say 'yes' or 'no' 4.) Be innovative and creative.

Consider a variety of communication strategies, like just-in-time notices, interac-tive tools and customized mobile interfaces to highlight privacy issues 5.) Consider the consumer's perspective.

Use clear explanations and a level of language that is suitable to a diverse audi-ence 6.) Make consent a dynamic and ongoing process 7.) Be accountable:

Stand ready to demonstrate compliance As an Advisor you are encouraged to review your Advisor Disclosure and Privacy Consent wording to be sure the consent wording is clear and specific in terms of with whom you will share the client's data. Most CRM and data analytics software today is web-based meaning it is being shared with a third party software vendor. Be sure your clients understand and attest to this.

In May 2018, the Office of the Privacy Commission of Canada released new

Consent Guidelines, which they have applied effective January 2019.

The Guidelines provide 7 guiding principles:

What your clients need to know about trip

cancellation insurance

Your clients have a lot to learn about trip cancellation insurance.

Almost two-thirds of Canadians either don’t buy or are unsure if they have trip cancellation insurance before leaving on holiday, according to a recent study of 960 Canadians by Kanetix.ca.

Read full story HERE

Did you know, medical cannabis has been legal in Canada since 1999? Since then there have been

numerous amendments to the laws, as well as a significant increase in Canadians who have pur-

chased medical cannabis. According to Health Canada – approximately 167,000 Canadians were re-

cipients of medical cannabis during the last quarter of 2016/2017. The number of cannabis users will

only continue to rise with the legalization of marijuana.

The legalization of marijuana creates new challenges for Canadian employers. As a result, there is an

increased need for finalizing regulation in so far as its impact in the workplace. In 2017, the Human

Resources Professional Association (HRPA) conducted a survey of approximately 650 HRPA members

between June 1, 2017 and June 9, 2017. This survey found that approximately 45% of respondents did

not conclude that their existing workplace policies address issues that may arise with the legalization

of cannabis in the workplace.

The same survey also concluded that the top 5 concerns on impact on the workforce include:

Employees operating motor vehicles;

Disciplinary procedures;

Decreased work performance;

Employees using heavy machinery; and

Attendance.

Read More

Marijuana in the workplace

ICBC UPDATE

ICBC gets green light for interim 6.3

per cent rate hike

The Insurance Corporation of B.C. (ICBC), the province's public auto insurer, has been approved to raise insurance rates by 6.3 per cent.

The B.C. Utilities Commission (BCUC) has approved ICBC's request for an interim basic insurance rate increase effective April 1, 2019.

The insurance corporation applied for the proposed rate hike in December as the B.C. government at-tempted to address what Attorney General David Eby described as a "financial dumpster fire" at ICBC.

Eby revealed in November that ICBC was set to lose $890 million in 2018-2019, following a $1.3 billion net loss in 2017-18.

According to ICBC, the hike means "an average increase of less than $60 for personal customers' basic insurance coverage."

A BCUC panel will make a final decision as to whether or not the rate hikes will become permanent.

Effective April

As of April 1, all new and renewal policies will be subject to the rate hike.

According to the public insurer, the temporary approval "will lessen the depletion of ICBC's already low basic insurance capital while the BCUC reviews the full application."

The province has pointed the finger at the previous government for leaving the insurer in financial ruin. Since the start of the 2017 financial year, ICBC is said to have lost more than $2 billion.

In January, Eby warned drastic changes would be necessary.

According to ICBC, injury claims costs have soared by 43 per cent in just five years, totalling roughly $3.67 billion in 2018 alone.

Reforms rollout

In an attempt to stem the losses, the province has already rolled out a list of reforms including higher fines for repeat bad drivers, an independent dispute resolution system and a $5,500 limit on payouts for minor injuries.

New Rates! Effective Jan 14, 2019!

Looking for office space?

We have office space for rent!

Please contact Mimi Sum or Wayne Yu if interested.

For Rent

Home listings increase while buyers remain in holding pattern

Home listings increase while buyers remain in holding pattern

VANCOUVER, BC – February 4, 2019 – Home listings continue to increase across all

housing categories in the Metro Vancouver* housing market while home buyer ac-

tivity remains below historical averages. The Real Estate Board of Greater Vancou-

ver (REBGV) reports that residential home sales in the region totalled 1,103 in Janu-

ary 2019, a 39.3 per cent decrease from the 1,818 sales recorded in January 2018, and

a 2.9 per cent increase from the 1,072 homes sold in December 2018.

Read full article HERE

Compliance

Compliance