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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 Chinda Peo (“Ms. Peo”)
ORDER TO IMPOSE AN ADMINISTRATIVE
MONETARY PENALTY
On July 25, 2014, the Superintendent of Financial Services (“Superintendent”) issued a Notice of Proposal to impose an Administrative Monetary Penalty in the amount of $1,000 on Ms. Peo for not providing information to the Superintendent as required by section 442.3(1)4 of the Act.
Ms. Peo requested a hearing by the Financial Services Tribunal (“Tribunal”). The hearing was held on September 25, 2015. The Tribunal directed the Superintendent to carry out his proposal to imposed an Administrative Monetary Penalty against Ms. Peo in the amount of $1,000.
ORDER
An Administrative Monetary Penalty of $1,000 is imposed on Chinda Peo.
TAKE NOTICE THAT Ms. Peo must pay the administrative penalty no later than 30 days after being given notice of this Order. You will be receiving shortly an invoice from Ontario Shared Services, a part of the Ministry of Government Services, with information as to where and how to make the payment.
If you fail 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, December 17, 2015.
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Anatol Monid
Executive Director, Licensing & Market Conduct
By delegated authority from the
Superintendent of Financial Services