Whitehorse RCMP have begun an investigation in relation to invalid insurance policies issued by Territories Insurance Solutions.

In July, it was estimated approximately 40 Yukoners held invalid insurance totalling more than $50,000 in policies that appear to have never been registered.

The policies for automobiles, recreational vehicles and homes were issued by Joanne Walker, owner and broker of Territories Insurance Solutions.

The possibility that false insurance policies were being issued was brought to the attention of the Yukon government on June 25 after Walker attempted to issue a policy she didn't have the authority to do.

An investigator from Alberta was called in to examine the incident.

The government investigation into the situation, in relation to the Yukon Insurance Act, continued throughout July and August. It was expected to conclude with a hearing yesterday.

Fiona Charbonneau, the territory's superintendent of insurance, told the Star today the government is not yet releasing an update on the situation, but will do so in the next several days.

However, an RCMP spokesperson stated that following a meeting with the YTG on Tuesday, the police made an internal decision to proceed with an investigation into the matter.

The RCMP were kept up-to-date but had decided they would not go forward with a separate investigation until the YTG's investigation had concluded, said the spokesperson.

Philippe LeBlond, owner of a local bicycle repair shop, was one of the individuals holding an invalid insurance policy.

It's 'not a big surprise' that an RCMP investigation is now being conducted he said this morning.

LeBlond was among the few Yukoners who received a cheque from Walker refunding the $1,407 he spent on the business and vehicle insurance he had bought from Territories Insurance Solutions. He also received a letter expressing 'sincerest apologies.'

'The whole situation is rather sad,' he said.

LeBlond said he has been approached by several people who have not received refunds from Walker and has been asked to join a class action suit.

He estimates he lost about $1,000 in business when he was forced to take time off work to get new insurance. He also had to vacate his Fourth Avenue location while he held the invalid policies. But at this time, he doesn't think he will be joining the suit.

'I'd like to see what the police come up with,' he said.

Walker's licence was suspended while the government conducted its investigation.

The Star has been unable to reach her for comment.