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 Adam Scriver

 

ADMINISTRATIVE 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 Adam Scriver. The Superintendent alleged that Mr. Scriver 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. 

 

Mr. Scriver requested a hearing before the Financial Services Tribunal outside of the 15 day time limit for making such a request. The Superintendent brought a motion for an order dismissing the request for a hearing on the basis that the Tribunal lacked statutory authority to hold a hearing. In a decision dated February 17, 2015, ordered that Mr. Scriver’s request for a hearing be dismissed.   

 

Section 441.3(7) the Act provides that in these circumstances the Superintendent may carry out the proposal to impose an administrative penalty. 

 

ORDER

 

An administrative monetary penalty in the amount of $1000 is imposed on Adam Scriver pursuant to section 441.3 of the Act.

 

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

 

If Mr. Scriver 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, March            , 2015

 

 

_____________________________

 

Anatol Monid, Executive Director

Licensing and Market Conduct Division

 

By delegated authority from

Superintendent of Financial Services

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