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Financial Services Regulatory Authority of Ontario

IN THE MATTER OF the Insurance Act, RSO 1990, c. I.8, as amended, in particular section 441;

AND IN THE MATTER OF Sania Muzaffar

PERMANENT CEASE AND DESIST ORDER

On July 19, 2018, the Superintendent of Financial Services (the “Superintendent”) issued a Notice of Proposal to Make a Permanent Cease and Desist Order, and a Notice of Proposal to Impose Administrative Penalties against Sania Muzaffar (“Muzaffar”) for various contraventions of the Insurance Act (the “Act”).

On July 30, 2018, Muzaffar requested a hearing before the Financial Services Tribunal (the “Tribunal”) in accordance with subsection 441(3) of the Act.

Effective June 8, 2019, the Financial Services Regulatory Authority of Ontario assumed the regulatory duties of the Financial Services Commission of Ontario, and the Chief Executive Officer of the Financial Services Regulatory Authority of Ontario (the “Chief Executive Officer”) assumed the regulatory duties of the Superintendent, under the Act.

The Executive Vice President, Market Conduct, by delegated authority from the Chief Executive Officer and Muzaffar have resolved the matter without a hearing and on consent.

On December 12, 2019, Sania Muzaffar withdrew the Request for Hearing.

The Registrar of the Tribunal confirmed on December 12, 2019, that the hearing was cancelled.

ORDER

IT IS ORDERED THAT pursuant to subsection 441(4) of the Act Sania Muzaffar:

  1. Immediately cease and desist providing training or teaching in any manner with respect to the Life Licence Qualification Program (“LLQP”) examination or Life Insurance agent licensing, in Ontario.

  2. Immediately cease and desist assisting anyone with any activity related to the teaching or training of the LLQP examination, in Ontario.

  3. Immediately cease and desist disseminating any information or documents related to the LLQP examination to anyone, including any insurance agents, insurance agent applicants, or anyone involved in training or teaching with respect to the LLQP examination.

  4. Immediately cease and desist posting any information or documents related to the LLQP examination on the internet.

  5. Immediately cease and desist accepting any fees or funds or anything of value with respect to teaching or training of the LLQP examination, in Ontario.

  6. Immediately cease and desist advertising, soliciting, or offering any services related to LLQP examination training or teaching, in Ontario.

DATED at Toronto, Ontario, February 21, 2020.

Original signed by

Huston Loke
Executive Vice President, Market Conduct

By delegated authority from the Chief Executive Officer


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