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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, 441.3
AND REGARDING Hong Da (“Chris”) Lin
ORDER TO IMPOSE AN ADMINISTRATIVE
MONETARY PENALTY
On October 17, 2014, the Superintendent of Financial Services (“Superintendent”) issued a Notice of Proposal to impose an Administrative Monetary Penalty in the amount of $1,600 on Mr. Lin.
Mr. Lin requested a hearing before the Financial Services Tribunal (“Tribunal”) in accordance with the Act. A hearing before the Tribunal was held on April 21, 2015. By a decision dated May 20, 2015 and pursuant to section 443.1(6) of the Act, the Tribunal directed the Superintendent, by order, to carry out his proposal as set out in the Notice of Proposal.
ORDER
An Administrative Monetary Penalty of $1,600 is imposed on Hong Da (“Chris”) Lin.
TAKE NOTICE THAT Hong Da (“Chris”) Lin 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. Hong Da (“Chris”) Lin must pay the Administrative Monetary Penalty no later than 30 days after the date of the invoice.
If Hong Da (“Chris”) Lin 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 the 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, June 12, 2015.
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Anatol Monid
Executive Director, Licensing & Market Conduct Division
By delegated authority from the
Superintendent of Financial Services