Superintendent of surintendant des
Financial services
Services financiers
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REGARDING the Insurance Act, R.S.O. 1990, c. I.8, as amended (the “Act”), in particular section 441.4;
AND REGARDING MICHAEL LAMPEL
ORDER IMPOSING SUMMARY ADMINISTRATIVE PENALTY
Michael Lampel holds a life insurance and accident & sickness insurance agent licence, licence number 07097077.
In a letter dated February 24th 2017 sent to Michael Lampel a delegate of the Superintendent of Financial Services (“Superintendent”) advised of the intention to impose a summary administrative penalty of $1,000 against Michael Lampel for failing to complete at least 30 hours every two years of continuing education acceptable to the Superintendent in respect of life insurance, contrary to section 14 of Ontario Regulation 347/04.
Pursuant to subsection 441.4(2) of the Act, the Superintendent provided Michael Lampel with the opportunity to make written submissions, which were to be received by the Superintendent’s delegate on or before March 24th 2017. Michael Lampel provided written submissions which were taken into account in the decision to impose a summary administrative monetary penalty.
Therefore, pursuant to subsection 441.4(1) of the Act and Item 30 of Schedule 3 of Ontario Regulation 408/12, the Superintendent orders a summary administrative penalty against Michael Lampel.
ORDER
A summary administrative penalty of $1,000 is imposed on MICHAEL LAMPEL.
TAKE NOTICE THAT Michael Lampel 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. Michael Lampel must pay the administrative penalty no later than 30 days after the date of the invoice.
If Michael Lampel 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 on , 2017.
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Heather Driver
Director, Licensing Branch
By Delegated Authority from the Superintendent of Financial Services