TORONTO, Feb. 7, 2025 /CNW/ - Ontario's financial services regulator, FSRA, has revoked the insurance agent licence of Nakhwattie (Debbie) Somai (Somai).
Somai repeatedly failed to provide requested information to FSRA and breached a licensing condition by not facilitating an examination by FSRA, contrary to sections 442.3(3) and 443(1) of Insurance Act, R.S.O. 1990, c.I.8, as amended.
Somai 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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