Extension of Interim Cease and Desist Order against Axccess Lifestyle Membership Corporation and Robert Mattacchione

REGARDING the Insurance Act, R.S.O. 1990, c. I.8, as amended (the “Act”), in particular section 441;

 

AND REGARDING a Proposed Cease and Desist Order against Axccess Lifestyle Membership Corporation and Robert Mattacchione;

 

AND REGARDING an Interim Cease and Desist Order against Axccess Lifestyle Membership Corporation and Robert Mattacchione.  

EXTENSION OF INTERIM CEASE AND DESIST ORDER

 
On October 20, 2011, the Superintendent of Financial Services (“Superintendent”) issued an Interim Cease and Desist Order against Axccess Lifestyle Membership Corporation and Robert Mattacchione.
 
The Interim Cease and Desist Order required Axccess Lifestyle Membership Corporation and Robert Mattacchione, and any of their agents, representatives and successors thereof, to: 
 
A.  Immediately cease making and/or publishing any statements, written or otherwise, to the effect that Axccess Lifestyle Membership Corporation can arrange for, secure, or facilitate insurance coverage provided by Lloyd’s Canada. 
 
B.  Immediately cease making and/or publishing any statements to the effect that Axccess Lifestyle Membership Corporation can arrange for, secure, or facilitate insurance coverage whose clearance and brokerage is provided by Chesterfield Insurance Brokers Limited, and/or Chesterfield Insurance Brokers Ltd., and/or Chesterfield Canada Inc.
 
The Interim Cease and Desist Order was issued pursuant to subsection 441(4) of the Insurance Act.
 
Axccess Lifestyle Membership Corporation and Robert Mattacchione filed a Request for Hearing by the Financial Services Tribunal. No hearing date has been scheduled as yet.
 
The Superintendent is of the opinion that the Interim Cease and Desist Order should be extended until the hearing in this matter has been concluded and the Interim Cease and Desist Order is either confirmed, varied or revoked by the Financial Services Tribunal, or revoked by the Superintendent in writing. The Superintendent continues to be of the opinion that the interests of the public may be prejudiced or adversely affected by any delay.
 

ORDER

 
The Superintendent orders that the Interim Order to Cease and Desist issued October 20, 2011, is extended until the hearing is concluded and the order is confirmed, varied or revoked.
 
 
ISSUED AT the City of Toronto, November 22, 2011.
 
 
                                                                 
Phillip Howell
Superintendent of Financial Services
 
 
 
TO:                Axccess Lifestyle Membership Corporation
                     ICC Global Group
                     665 Millway Avenue, Suite 38
                     Concord, Ontario
                     L4K 3T8
 
AND TO:        Robert Mattacchione
                     79 Selvapiano Crescent
                     Woodbridge, Ontario
                     L4H OX1
                    
 
AND TO:        Stephen Scharbach
                     Financial Services Commission of Ontario
                     Legal Services Branch
                     5160 Yonge Street, Suite 1700
                     Toronto ON  M2N 6L9
                     Tel: 416-590-7244
                     Fax: 416-590-7556