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.
IT IS ORDERED THAT pursuant to subsection 441(4) of the Act Sania Muzaffar:
DATED at Toronto, Ontario, February 21, 2020.
Original signed by
Executive Vice President, Market Conduct
By delegated authority from the Chief Executive Officer
Si vous désirez recevoir cet avis en français, veuillez nous envoyer votre demande par courriel immédiatement à : email@example.com.