REGARDING the Insurance Act, R.S.O. 1990, c. I.8, as amended (the “Act”), in particular section 441
AND REGARDING a Proposed Cease and Desist Order against Aron Mohammed Wajid, aka Richard Wajid
CEASE AND DESIST ORDER
On October 12, 2012, the Superintendent of Financial Services (“Superintendent”) issued a Notice of Proposed Cease and Desist Order against Aron Mohammed Wajid, also known as Richard Wajid (the “Applicant”).
The Applicant had until October 26, 2011, after service of the Notice, to request a hearing before the Financial Services Tribunal (“Tribunal”) in accordance with the Act.
The Registrar of the Tribunal has confirmed that no request for a hearing has been received from the Applicant or anyone on the Applicant’s behalf in respect of the proposal to order a cease and desist order.
The Superintendent of Financial Services orders that Aron Mohammeed Wajid, also known as Richard Wajid,
A. Cease assuming to act and cease acting as an insurance agent or holding himself out as an insurance agent in the Province of Ontario;
B. Cease undertaking or carrying on the business of insurance in the Province of Ontario;
C. Cease collecting money or anything else of value from any member of the public, in exchange for assisting or purporting to assist in the placement of or placing insurance policies in Ontario of any kind;
D. Cease soliciting the sale of insurance in any form in Ontario.
ISSUED AT the City of Toronto, this 5 day of December, 2012.
Original Signed By
Superintendent of Financial Services