An order that is made regarding a licence holder reflects a situation at a particular point in time. The status of a licence holder can change. Readers should check the current status of a person’s or entity’s licence on the Licensing Link section of FSCO’s website. Readers may also wish to contact the person or entity directly to get additional information or clarification about the events that resulted in the order.
SUPERINTENDENT OF FINANCIAL SERVICES Regarding the life insurance agent's licen ce of Noella Caspcrsz
AND the Insurance Act. R.S.O. 1990. e. 1.8. as amended. particularly section 393
ORDER Pursuant to a Minutes ofSenlement signed by NoeJla Caspersz which is filed. I order that life insurance agent's licence # 9~1 06 ofN~la Caspcrsz be suspended for a period of thirty (30) days commencing on the / day of -J . 200 '1 "vt Dated at the City ofToronto this l 'i day of ~~ . 2008 Grant Swanson Executive Director. Licensing and Market Conduct Division, by Delegated Authority from the Superintendent of Financia l Services
SCHE DU LE 'A ' 1. Noella Caspersz (Caspcrsz) has been a licensed insuranc e agent since 1983. Her current licence. #94027106. was issued on December 12, 2006 with an expiry date of December I I. 2008.
2. In November 2006 a complaint was received at the Financial Services Commission of Ontario (FSCO) alleging that Caspcrsz, without the knowl edge of the client s invo lved, was being named as the servicing agent on insurance appli cations written by a member of her family who was also a licensed insurance agent.
3. It was confirmed by the FSCO investigator that between 200 1 and 2004 the other insurance agent wrote at least ten insurance applications and. without advising the clients. named Caspersz as the servicing agent and permitt ed her to sign the applications as though she was the servicing agent.
4. Whcn questioned by the investigator regarding her actions Caspcrsz admitted the facts as described above and said that she had signed the applications as though she was the servicing agent. Caspcrsz said that the practice had ceased more than a year ago.