November 3, 2011
The Financial Services Commission of Ontario (FSCO) is warning consumers that Trust Insurance Company is not licensed to do insurance business in Ontario as either an insurer or insurance agency.
The persons responsible for the website and company cannot be located or identified. These persons used "Trust" and "Insurance" in the company name in an attempt to defraud consumers.
If consumers purchase insurance from agents or insurers that are not licensed in the province, they are not protected under the Insurance Act and the regulations that govern Ontario’s licensed insurance companies and agents.