TORONTO, Feb. 24, 2025 /CNW/ - Ontario's financial services regulator, FSRA, has revoked the life insurance and accident & sickness insurance agent licence of Daniel Lath (Lath) and imposed two administrative penalties in the total amount of $15,000 against Lath.
Lath made false or misleading statements or representations in the solicitation or registration of insurance, contrary to section 17(c) of Ontario Regulation 347/04, failed to obtain sufficient continuing education credits, contrary to section 14 of Ontario Regulation 347/04, and directly or indirectly furnished false, misleading, or incomplete information to FSRA, contrary to section 447(2)(a) of the Insurance Act, R.S.O. 1990, c.I.8, as amended.
Lath did not request a hearing before the Financial Services Tribunal or contest FSRA's proposal.
Learn more:
Access our enforcement database to see how FSRA is working to protect consumers through its monitoring and enforcement activities.
For media inquiries:
Russ Courtney
Senior Manager of Media Relations
Financial Services Regulatory Authority
C: 437-225-8551
Email: [email protected]
SOURCE Financial Services Regulatory Authority of Ontario
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