TORONTO, Oct. 12, 2023 /CNW/ - The Financial Services Regulatory Authority of Ontario (FSRA) has initiated enforcement action against Manpreet Kaur Dhillon (Dhillon).
FSRA alleges that Dhillon is not suitable to be licensed under the Insurance Act because Dhillon:
- Failed to complete continuing education requirements thereby breaching sections 14 and 8(b) of Ontario Regulation 347/04 under the Insurance Act.
- Engaged in fraudulent acts and practices, and demonstrated untrustworthiness to transact the insurance agency business for which the licence was granted, which constitute grounds to refuse the licence renewal application under subsections (c) and (d) of section 8 of Ontario Regulation 347/04.
FSRA is proposing to refuse to renew Dhillon's insurance agent licence.
Dhillon requested a hearing before the Financial Services Tribunal about this proposal.
FSRA is working to protect consumers through its monitoring and enforcement activities.
FSRA continues to work on behalf of all stakeholders, including consumers, to ensure financial safety, fairness, and choice for everyone.
Learn more at www.fsrao.ca.
Russ Courtney
Sr. Media Relations and Digital Officer
Financial Services Regulatory Authority (FSRA)
T: 437-225-8551
E: [email protected]
SOURCE Financial Services Regulatory Authority of Ontario
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