Financial Services Commission of Ontario

Decision Information

Decision Content

 
                        Superintendent of                                                          surintendant des

                        Financial                                                                       services

                        Services                                                                       financiers         

 

___________________________________________________________________________

 

 

 

REGARDING the Insurance Act, R.S.O. 1990, c. I.8, as amended, in particular sections 392.5 and 407.1.

 

AND REGARDING Yan Feng Li

 

 

ORDER TO SUSPEND LICENCE

 

 

Yan Feng Li holds a life insurance and accident and sickness insurance agent licence (licence #02073768) under the terms of the Insurance Act (the “Act”).

 

On September 6, 2016, Mr. Li submitted a licence renewal application to the Financial Services Commission of Ontario (“FSCO”). On this application, Mr. Li failed to notify FSCO that he had been the subject of an investigation by a regulatory authority in Ontario. 

 

The Superintendent of Financial Services (“Superintendent”) and Mr. Li have agreed on consent to Mr. Li’s licence being issued with conditions and subject to a one (1) month suspension.

 

 

ORDER

 

The life insurance and accident and sickness insurance agent licence of Yan Feng Li (licence #02073768) is suspended for one (1) month effective as of the below date.

 

DATED at Toronto, Ontario,                                     , 2017.

 

 

 

 

_______________________

Heather Driver

Director, Licensing Branch

Licensing and Market Conduct Division

 

By Delegated Authority from:

The Superintendent of Financial Services

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