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 REGARDI NG the life insurance agent' s license of SONIA SIOCHI (Hereinafter referred to as "the agent")
AND the Insurance Act R.S.O. 1990 c.l .8. as ame nded. Particularly Ontario Regul ation 663 sec tion (13) subsections (e) & (d)
ORDER Pursuant to the Minutes of Sett lement signed by the agent. Son ia Sioch i which is filed. I order that the life insurance aWl!" s liccn1~_agent be suspended for a period of three months commencing the _,_1-_' day of 2010. Dated at the City of Toro nto this ( 0 ct. day of J" "-t---{' • 2010. ( l l )l II - _ ..... . .....-GrantSwanson. Executive Director License and Market Conduct Division Financial Services Commission of Ontario by Delegated Authority from the Superintendent of Financial Services.
SCHEDULE " A" 1) The agent became licensed by the Superinte ndent of the Financial Serv ices Commi ssion in February 2007, afte r having passed her qualifying examinat ions and tendering her application .
2) The agent was t here fo re enabled to sell financial products in the Province of Ontari o once this licence was issued to he r.
3) The agent was fi rst emp loyed wi th Uland Insurance Inc. 4) Uland Insurance Inc. requested the termination of the agent's con t ract with Industrial Alliance on February 6. 2008 .
SI The agent was advised by letter dated February 6, 2008 of the te rmination of her contract at the request of her Ma naging General Agent effective February 14, 2008.
6) As of August 31. 2009 the agent has an ou tstanding debt 01$6,143.28. 7) The agent f iled a renewal applicat ion with FSCO on Apri l 2, 2009 . 8) Betwee n Febru ary 14, 2008 and April 2, 2009 while unlicensed, t he agent sold thirteen poli cies for a total o f twenty-two coverage's, all of which were Assumption ure Insurance Compa ny pol icies whi le in the employ of Uland Insurance Inc..
9) The commission paid to t he agent on t he business wri tten wit h Assumption l ife tota led $2,416.63.
10) The agent became emp loye d wi th Ducharme Financial effective April 2009 and is contracted w ith Equitab le Life Insurance Company.