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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 Jeremy Card
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 $1,000 on Jeremy Card.
Mr. Card initially requested a hearing before the Financial Services Tribunal in accordance with the Act on August 8, 2014. On May 19, 2015, Mr. Card withdrew his request for a hearing.
Section 441.3(7) of the Act provides that the Superintendent may carry out the proposal to impose an administrative monetary penalty where no hearing has been requested.
ORDER
An administrative monetary penalty in the amount of $1,000 is imposed on Jeremy Card pursuant to section 39 of the Act.
TAKE NOTICE THAT Mr. Card 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. Card must pay the administrative monetary penalty no later than 30 days after the date of the invoice.
If Mr. Card 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, June 17 , 2015
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Anatol Monid, Executive Director
Licensing and Market Conduct Division
By delegated authority from
Superintendent of Financial Services