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 288.6 and 288.7
AND REGARDING Fit Assessment and Pain Management Inc.
ORDER TO REVOKE LICENCE
On October 5, 2015, the Superintendent of Financial Services (“Superintendent”) issued a Notice of Proposal (“Notice”) to revoke the service provider licence of Fit Assessment and Pain Management Inc. (licence #SP10304). The Superintendent is satisfied that Fit Assessment and Pain Management Inc. failed to submit its annual information return when required, and therefore contravened section 21 of Ontario Regulation 90/14. The Superintendent is also satisfied that Fit Assessment and Pain Management Inc. failed to respond to multiple communications from the staff of the Financial Services Commission of Ontario and therefore contravened subsection 442.1(2) of the Act. Accordingly, the Superintendent is of the opinion that Fit Assessment and Pain Management Inc. is no longer suitable to hold a service provider licence.
The Notice was served on Fit Assessment and Pain Management Inc. by registered mail on October 21, 2015. Fit Assessment and Pain Management Inc. had 15 days after the Notice was given to request a hearing before the Financial Services Tribunal (“Tribunal”) in accordance with subsection 288.7(3) of the Act.
The Registrar of the Tribunal confirmed that, as of November 6, 2015, no request for a hearing has been received from Fit Assessment and Pain Management Inc. or anyone on its behalf.
Subsection 288.7(7) of the Act provides that the Superintendent may carry out the proposal to revoke the service provider licence when no hearing has been requested.
ORDER
Pursuant to subsection 288.7(7) of the Act, the service provider licence of Fit Assessment and Pain Management Inc. is hereby revoked.
DATED at Toronto, Ontario, 2015.
___________________________
Shonna Neil
Director, Licensing Branch
By Delegated Authority from:
The Superintendent of Financial Services