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IN THE MATTER OF the Insurance Act, R.S.O. 1990, c.I.8, as amended (the “Act”), in particular sections 392.5, 407.1, and 441.3;
AND IN THE MATTER OF Donald Newton Mason (“Mason”).
ORDER TO SUSPEND LICENCE AND
TO IMPOSE ADMINISTRATIVE PENALTY
Mason is licensed as a life insurance and accident & sickness insurance agent under the Act (licence #12124639).
On April 25, 2025, by delegated authority from the Chief Executive Officer of the Financial Services Regulatory Authority of Ontario (the “Chief Executive Officer”), the Director, Litigation and Enforcement (the “Director”) issued a Notice of Proposal to suspend the insurance agent licence issued to Mason and impose an administrative penalty in the amount of $ 5,000 on Mason.
The Notice of Proposal was served on Mason on May 21, 2025. Section 407.1(3) of the Act provides that any person on whom a Notice of Proposal is delivered has fifteen (15) days after the Notice of Proposal is given to request a hearing by the Financial Services Tribunal (the “Tribunal”).
On June 6, 2025, the Registrar of the Tribunal confirmed that Mason did not request a hearing by the Tribunal in accordance with section 407.1(3) of the Act respecting the Notice of Proposal. Therefore, pursuant to section 407.1(7) of the Act, the Director makes the following order.
ORDER
The insurance agent licence (licence #12124639) issued to Donald Newton Mason is hereby suspended, for the reasons set out in the Notice of Proposal.
DATED at Toronto, Ontario,
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Elissa Sinha
Director, Litigation and Enforcement
By delegated authority from the Chief Executive Officer
Si vous désirez recevoir cet avis en français, veuillez nous envoyer votre demande par courriel immédiatement à : contactcentre@fsrao.ca.
ORDER
An administrative penalty of $5,000 is hereby imposed on Donald Newton Mason for the reasons set out in the Notice of Proposal.
TAKE NOTICE THAT the Financial Services Regulatory Authority of Ontario will deliver an invoice to Donald Newton Mason with information as to where and how to pay the administrative penalty. Donald Newton Mason must pay the administrative penalty no later than thirty (30) days after the date of the Tribunal’s decision or as otherwise agreed.
If Donald Newton Mason fails to pay the administrative penalty in accordance with the terms of this Order, the Chief Executive Officer may file the Order with the Superior Court of Justice and the Order may be enforced as if it were an order of the Court. An administrative penalty that is not paid in accordance with the terms of the order imposing the penalty is a debt due to the Crown and is enforceable as such.
DATED at Toronto, Ontario,
_________________________________________________
Elissa Sinha
Director, Litigation and Enforcement
By delegated authority from the Chief Executive Officer
Si vous désirez recevoir cet avis en français, veuillez nous envoyer votre demande par courriel immédiatement à : contactcentre@fsrao.ca.