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Superintendent of Financial Services |
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surintendant des services financiers |
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REGARDING the Insurance Act, R.S.O. 1990, c.I.8, as amended (the “Act”), in particular sections 392.5 and 407.1;
AND REGARDING Balraj Sharma
ORDER TO REVOKE LICENCE
On February 5, 2019, the Superintendent of Financial Services (“Superintendent”) issued a Notice of Proposal to Revoke Licence (the “NOP”) to Balraj Sharma (“Mr. Sharma”) regarding insurance agent licence #07099608 issued under the Act.
The NOP was served on Mr. Sharma on February 12, 2019. The Financial Services Tribunal has confirmed that Mr. Sharma did not request a hearing within 15 days as required by subsection 407.1(3) of the Act.
Subsection 407.1(7) of the Act states that if the licensee does not request a hearing, the Superintendent may carry out the proposal.
ORDER
The insurance agent licence #07099608 of Balraj Sharma is hereby revoked.
DATED at Toronto, Ontario , 2019
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Heather Driver
Director, Licensing Branch
Licensing and Market Conduct Division
By delegated Authority from the
Superintendent of Financial Services