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Financial Services Regulatory Authority of Ontario

SENT BY REGISTERED MAIL and STANDARD LETTERMAIL

REGARDING the Insurance Act, R.S.O. 1990, c. I.8, as amended (the “Act”), in particular section 441.4;

AND REGARDING Jagdish Kaur Malhi


ORDER IMPOSING SUMMARY ADMINISTRATIVE PENALTY

Jagdish Kaur Malhi holds a life insurance and accident and sickness insurance agent licence, licence number 08103184.

In a letter dated April 26, 2021 sent to Jagdish Kaur Malhi, a delegate of the Chief Executive Officer of Financial Services (“Chief Executive Officer”) advised of the intention to impose a summary administrative penalty against Jagdish Kaur Malhi for the following contravention:

  1. $1,000 for failing to complete 30 hours of continuing education credits, contrary to section 14 of Ontario Regulation 347/04;

Pursuant to subsection 441.4(2) of the Act, the Chief Executive Officer provided Jagdish Kaur Malhi with the opportunity to make written submissions, which were to be received by the Chief Executive Officer’s delegate on or before May 28, 2021. No submissions were received.

Therefore, pursuant to subsection 441.4(1) of the Act and Item 30 of Schedule 3 of Ontario Regulation 408/12, the Chief Executive Officer orders a summary administrative penalty against Jagdish Kaur Malhi.

ORDER

A summary administrative penalty of $1,000 is imposed on Jagdish Kaur Malhi.

TAKE NOTICE THAT the Financial Services Regulatory Authority of Ontario will deliver an invoice to Jagdish Kaur Malhi, with information as to where and how to pay the administrative penalty. Jagdish Kaur Malhi must pay the administrative penalty no later than thirty (30) days  after the date of the invoice.

If Jagdish Kaur Malhi fails to pay the administrative penalty in accordance with the terms of this Order, the Chief Executive Officer 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 the order imposing the penalty is a debt due to the Crown and is enforceable as such.

DATED at Toronto, Ontario, July 28, 2021.

Original signed by

Jelena Pejic
Senior Manager, Licensing Compliance

By delegated authority from the Chief Executive Officer

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