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 Independent Mobile Assessment Centre Inc.
ORDER TO REVOKE LICENCE
On October 14, 2015, the Superintendent of Financial Services (“Superintendent”) issued a Notice of Proposal (“Notice”) to revoke the service provider licence of Independent Mobile Assessment Centre Inc. (“Independent”) The Superintendent is satisfied that Independent 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 Independent 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 Independent is no longer suitable to hold a service provider licence.
Independent received that notice on November 17, 2015 and had 15 days 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 has confirmed that no request for a hearing has been received from Independent Mobile Assessment Centre 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 Independent Mobile Assessment Centre Inc. (licence #SP13399), is hereby revoked.
DATED at Toronto, Ontario, 2016
___________________________
Anatol Monid
Executive Director, Licensing and Market Conduct Division
By Delegated Authority from:
The Superintendent of Financial Services