honestly i think that is rediculous!!!! dude! your insurance company cannot take your licence!!! sorry man but licences are government issued, private companies cannot take them away, only the police or other govt organizations can.. im from canada too i have a buddyand sister that rear ended someone... first you get charged with careless driving and get 6 points. if you bother to show up in court and apologise, it is almost standard practice that the judge will lower the charge to following to closely and 3 or 4 points. i have seen this in 3 different cases. You might loose your insurance provider but simple get another one. your insurance rate will be crazy expensive but thats what you get for putting your car in someones ass. I know its shitty and 99% of the time it is an honset mistake but thats Canada for ya. your insurance rate will be really high until you either get married or turn 25, so good lick finding a wife till you are 25 lol. if you have any more questions ask me again but defintely DO NOT surrender your licence to your insurance provider. good luck man. also, if you still have the chance, take it to court, you have 30 days approxametly to choose to, if you arent past that then go to court and admit to what you did but say that you have learned from your experience and promise that you will be much more careful next time. just accept responasbility and most jusges will have mercy on you. i have been pulled over 13 times in 3 years but have only paid 3 small tickets and have 2 points on my licence, beleive me, if you take the time to go to court it will work out in your favour. good luck man