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 Varela Chiropractic Professional Corporation
ORDER TO IMPOSE AN
ADMINISTRATIVE PENALTY
On February 24, 2016, the Superintendent of Financial Services issued a Notice of Proposal to impose an administrative penalty in the amount of $5,200 on Varela Corp. for contravening clause 447(2)(a.3) of the Act by having knowingly made false or misleading statements or representations to insurers in order to obtain payments for goods or services provided to an insured.
This Notice was given to Varela Corp. on March 2, 2016. Varela Corp. had 15 days after service of the Notice to request a hearing before the Financial Services Tribunal in accordance with subsections 441.3(2) and 441.3(5) of the Act. The Registrar of the Tribunal has confirmed that, as of March 18, 2016, no request for a hearing has been received from Varela Corp. or anyone on its behalf.
Subsection 441.3(7) of the Act states that the Superintendent may carry out the proposal if no request for hearing has been filed.
ORDER
Pursuant to subsection 441.3(7) of the Act, an administrative penalty of $5,200 is imposed on Varela Chiropractic Professional Corporation.
TAKE NOTICE THAT Varela Chiropractic Professional Corporation will be receiving shortly 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. Varela Chiropractic Professional Corporation must pay the administrative penalty no later than 30 days after the date of the invoice.
If Varela Chiropractic Professional Corporation 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 the 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, , 2016.
_________________________________
Anatol Monid
Executive Director, Licensing and Market Conduct Division
By delegated authority from the
Superintendent of Financial Services