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Superintendent of Financial Services |
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surintendant des services financiers |
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REGARDING the Insurance Act, R.S.O. 1990, c.I.8, as amended (the “Act”), in particular sections 392.4 and 407.1;
AND REGARDING David Emery
ORDER TO ISSUE CONDITIONAL LICENCE
On July 5, 2017, the Superintendent of Financial Services (“Superintendent”) issued a Notice of Proposal to Revoke Licence to David Emery (“Mr. Emery”) regarding insurance agent licence #94019986 issued under the Act.
Mr. Emery requested a hearing by the Financial Services Tribunal. Pursuant to Minutes of Settlement and Undertaking signed by Mr. Emery and the Superintendent, and pursuant to a separate Undertaking signed by Mr. Emery’s Supervisor, Mr. Emery and the Superintendent have agreed to the Order set out below without a hearing. Mr. Emery withdrew his hearing request on June 11, 2018.
ORDER
The insurance agent licence #94019986 issued to David Emery is subject to the following conditions that shall remain in force until May 16, 2019:
a) Mr. Emery shall be monitored and supervised by another employee or licensed agent (the “Supervisor”). The Supervisor must be acceptable to the Superintendent and must have been licensed under the Act for at least 10 years;
b) Mr. Emery shall send the Supervisor by mail or e-mail a copy of every life and disability application with a needs analysis particular to the client;
c) Mr. Emery shall take an ethics course with ADVOCIS within 6 months from (date MOS and Undertaking are signed);
d) Mr. Emery shall provide proof to the Superintendent that he has sent 24 monthly post-dated cheques to the Mutual Fund Dealers Association.
DATED at Toronto, Ontario July 19, 2018
“Original signed by Anatol Monid”
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Anatol Monid
Executive Director, Licensing & Market Conduct Branch
By Delegated Authority from the
Superintendent of Financial Services