Financial Services Commission of Ontario

Decision Information

Decision Content

 
                        Superintendent of                                                          surintendant des

                        Financial                                                                       services

                        Services                                                                       financiers         

 

___________________________________________________________________________

 

           

REGARDING the Insurance Act, R.S.O.,1990, C.I.8, as amended (“the Act:”), in particular sections 441.1, 441.2, and 441.3

 

                        AND REGARDING Rukhsana Notta

 

ADMINISTRATIVE MONETARY PENALTY ORDER

 

 

On July 25, 2014, the Superintendent of Financial Services (“Superintendent”) issued a notice of proposal to impose an administrative monetary penalty of $1000 on Rukhsana Notta. The Superintendent alleged that Ms. Notta contravened or failed to comply with section 442.3 of the Act by failing to provide information about activities related to the business of insurance to the Superintendent upon request. 

 

Ms. Notta requested a hearing before the Financial Services Tribunal in accordance with the Act, and a hearing was held on January 8, 2015. In a decision dated January 22, 2015, the Tribunal directed the Superintendent to impose an administrative monetary penalty of $500 on Ms. Notta.  

 

 

ORDER

 

An administrative monetary penalty in the amount of $500 is imposed on Rukhsana Notta pursuant to section 39 of the Act.

 

TAKE NOTICE THAT Ms. Notta will receive an invoice from Ontario Shared Services, a part of the Ministry of Government Services, with information as to where and how to make the payment. Ms. Notta must pay the administrative monetary penalty no later than 30 days after the date of the invoice.

 

If Ms. Notta fails to pay the administrative monetary penalty in accordance with the terms of this Order, the Superintendent may file the Order with the Superior Court of Justice and this Order may be enforced as if it were an order of the court. An administrative monetary penalty that is not paid in accordance with the terms of an order imposing the penalty is a debt due to the Crown and is enforceable as such.

 

 

DATED at Toronto, Ontario,                       , 2015

 

 

_____________________________

 

Anatol Monid, Executive Director

Licensing and Market Conduct Division

 

By delegated authority from

Superintendent of Financial Services

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