IN THE MATTER OF the Insurance Act, R.S.O. 1990, c.I.8, as amended (the “Act”), in particular section 441.4;
AND IN THE MATTER OF Dhanwanti Shoma Singh
ORDER IMPOSING SUMMARY ADMINISTRATIVE PENALTY
Dhanwanti Shoma Singh is licensed as a life insurance agent (licence # 94013036) under the Act.
The Senior Manager, Life & Health Insurance Agents (the “Senior Manager”) is satisfied that Dhanwanti Shoma Singh failed to complete the required 30 hours of continuing education credits, contrary to section 14 of Ontario Regulation 347/04.
In a letter dated April 1, 2022, Dhanwanti Shoma Singh was advised that pursuant to section 441.4(1) of the Act, and by delegated authority from the Chief Executive Officer of the Financial Services Regulatory Authority of Ontario (the “Chief Executive Officer”), the Senior Manager intends to impose an administrative penalty in the amount of $2,000 on Dhanwanti Shoma Singh for contravening section 14 of Ontario Regulation 347/04 (the “Notice Letter”). The Notice Letter provided that Dhanwanti Shoma Singh had an opportunity to make written submissions with respect to the imposition of the administrative penalty by April 15, 2022. Dhanwanti Shoma Singh made a written submission, but the Senior Manager remains satisfied that Dhanwanti Shoma Singh engaged in the contravention described above and that the administrative penalty should be imposed.
Pursuant to section 441.4(1) of the Act, section 14 of Ontario Regulation 347/04, and by delegated authority from the Chief Executive Officer, the Senior Manager makes the following order:
A summary administrative penalty in the amount of $2,000 is hereby imposed on Dhanwanti Shoma Singh
TAKE NOTICE THAT the Financial Services Regulatory Authority of Ontario will deliver an invoice to Dhanwanti Shoma Singh, with information as to where and how to pay the administrative penalty. Dhanwanti Shoma Singh must pay the administrative penalty no later than thirty (30) days after the date of the invoice.
If Dhanwanti Shoma Singh 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, May 5, 2022
Original signed by
Senior Manager, Life & Health Insurance Agents
By delegated authority from the Chief Executive Officer
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