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 Jonathan Financial Inc.
ORDER TO REVOKE LICENCE
On May 9, 2017, the Superintendent of Financial Services (“Superintendent”) issued a Notice of Proposal to revoke the insurance agent corporation licence of Jonathan Financial Inc. o/a G2 Financial Group Inc. Gregory F. Hilderman (“Mr. Hilderman”) is the president, sole director, officer, and shareholder of Jonathan Financial Inc.
The Notice of Proposal was sent by regular mail and registered mail to Mr. Hilderman’s mailing address and to Jonathan Financial Inc.’s mailing address as it appears in the records of the Financial Services Commission of Ontario. Canada Post records indicate that the Notice was successfully delivered on May 12, 2017.
Jonathan Financial Inc. had 15 days after service of the Notice to request a hearing before the Financial Services Tribunal (“Tribunal”) in accordance with subsection 407.1(3) of the Insurance Act (the “Act”).
On May 31, 2017, the Registrar of the Tribunal confirmed that no request for a hearing has been received from Jonathan Financial Inc., or anyone on its behalf.
Subsection 407.1(7) of the Act provides that the Superintendent may carry out the proposal to revoke a licence when no hearing has been requested.
ORDER
The insurance agent corporation licence of Jonathan Financial Inc. is hereby revoked.
DATED at Toronto, Ontario, , 2017.
_______________________________________
Heather
Driver
Director, Licensing Branch
By
delegated Authority from the
Superintendent of Financial Services