Superintendent
of surintendant des
Financial services
Services financiers
___________________________________________________________________________
REGARDING the Insurance Act, R.S.O. 1990, c. I.8, as amended, in particular sections 392.5 and 407.1
AND REGARDING Krupabahen Pratik Desai
REVOCATION ORDER
On March 12, 2015, the Superintendent of Financial Services (“Superintendent”) issued a Notice of Proposal to revoke the insurance agent licence of Krupabahen Pratik Desai.
Mr. Desai had 15 days after the Notice was given to request a hearing before the Financial Services Tribunal (“Tribunal”) in accordance with section 407.1(3) of the Act.
The Registrar of the Tribunal has confirmed that no request for a hearing has been received from Krupabahen Pratik Desai or anyone on his behalf in respect of the proposal to revoke.
Section 401.1(7) of the Act provides that the Superintendent may carry out the proposal to revoke a licence when no hearing has been requested.
ORDER
The insurance agent licence of Krupabahen Pratik Desai is revoked.
DATED at Toronto, Ontario, April 27, 2015.
_______________________________________________
Shonna Neil
Director, Licensing Branch
By Delegated Authority from:
The Superintendent of Financial Services