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 Liwen Qin
ADMINISTRATIVE PENALTY ORDER
On July 25, 2014, the
Superintendent of Financial Services (“Superintendent”) issued a notice of proposal
to impose an administrative penalty of $1000 on
Liwen Qin. The Superintendent alleged that Ms. Qin 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.
Ms. Qin requested a hearing before the Financial Services Tribunal in accordance with the Act, and a hearing was held on July 7, 2015. In a decision dated July 17, 2015, the Tribunal directed the Superintendent to impose an administrative penalty of $500 on Ms. Qin.
ORDER
An administrative penalty in
the amount of $500 is imposed
on
Liwen Qin pursuant to section 441.3(6) of the Act.
TAKE NOTICE THAT Ms. Qin 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. Ms. Qin must pay the administrative penalty no later than 30 days after the date of the invoice.
If Ms. Qin 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 this 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, August 5, 2015
_____________________________
Anatol Monid, Executive Director
Licensing and Market Conduct Division
By delegated authority from
Superintendent of Financial Services