Financial Services Commission of Ontario

Decision Information

Decision Content

                         Superintendent of                                                          surintendant des

                        Financial                                                                       services

                        Services                                                                       financiers         

 

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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  Nohra L. Rincon Gama (“Ms. Rincon Gama”)   

 

 

ORDER TO IMPOSE AN ADMINISTRATIVE

MONETARY PENALTY

 

 

On July 25, 2014, the Superintendent of Financial Services (“Superintendent”) issued a Notice of Proposal to impose an Administrative Monetary Penalty in the amount of $1,250 on Ms. Rincon Gama. The Superintendent had determined that Ms. Rincon Gama did not have errors and omissions insurance from one of the approved providers for the period from October 30, 2013 to February 9, 2014. 

 

Ms. Rincon Gama requested a hearing in accordance with the Act. Subsequently the Superintendent and Ms. Rincon Gama entered into Minutes of Settlement to resolve this matter and Ms. Rincon Gama has undertaken to withdraw the request for hearing.

 

 

ORDER

 

An Administrative Monetary Penalty of $1,250 is imposed on Nohra L. Rincon Gama

 

TAKE NOTICE THAT Ms. Rincon Gama will be receiving shortly 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. Ms. Rincon Gama must pay the administrative penalty no later than four (4) months after the date of the invoice issued by OSS or it will be paid in full, on or before July 31, 2015,  whichever comes first.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

If Ms. Rincon Gama fails to pay the administrative penalty in accordance with the terms of this Order, the Superintendent 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 an order imposing the penalty is a debt due to the Crown and is enforceable as such.

 

 

 

DATED at Toronto, Ontario, February 23, 2015.

 

 

 

 

Original signed by “Brian Mills”

_________________________________

Brian Mills

Superintendent of Financial Services

 

 

 

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