REGARDING the Insurance Act, R.S.O. 1990, c. I.8, as amended (the “Act”), in particular section 441.4;
AND REGARDING Aristeo Mondragon
ORDER IMPOSING SUMMARY ADMINISTRATIVE PENALTY
Aristeo Mondragon holds a life insurance and accident and sickness insurance agent licence, licence number 94019131.
In a letter dated November 20th 2017 sent to Aristeo Mondragon, a delegate of the Superintendent of Financial Services (“Superintendent”) advised of the intention to impose a summary administrative penalty of $1,000 against Aristeo Mondragon for failing to complete at least 30 hours every two years of continuing education acceptable to the Superintendent in respect of life insurance, contrary to section 14 of Ontario Regulation 347/04.
Pursuant to subsection 441.4(2) of the Act, the Superintendent provided Aristeo Mondragon with the opportunity to make written submissions, which were to be received by the Superintendent’s delegate on or before December 18th 2017. Aristeo Mondragon did not provide submissions
Therefore, pursuant to subsection 441.4(1) of the Act and Item 30 of Schedule 3 of Ontario Regulation 408/12, the Superintendent orders a summary administrative penalty against Aristeo Mondragon.
A summary administrative penalty of $1,000 is imposed on Aristeo Mondragon.
TAKE NOTICE THAT Aristeo Mondragon will be receiving shortly an invoice from Ontario Shared Services, a part of the Ministry of Government and Consumer Services, with information as to where and how to make the payment. Aristeo Mondragon must pay the administrative penalty no later than 30 days after the date of the invoice.
If Aristeo Mondragon fails to pay the administrative penalty in accordance with the terms of this Order, the Superintendent may file the Order with the Superior Court of Justice and the Order may be enforced as if it were an order of the court. An administrative penalty that is not paid in accordance with the terms of an order imposing the penalty is a debt due to the Crown and is enforceable as such.
DATED at Toronto, Ontario on July 27, 2018.
Original Signed by
Director, Licensing Branch
By Delegated Authority from the Superintendent of Financial Services
© Queen's Printer for Ontario, 2018