FSRA imposes compliance order on Canadian Life Settlements Inc.

FSRA imposes compliance order on Canadian Life Settlements Inc.

Canada NewsWire

TORONTO, June 30, 2022

TORONTO, June 30, 2022 /CNW/ - The Financial Services Regulatory Authority of Ontario (FSRA) issued a compliance order on consent on Canadian Life Settlements Inc.

Canadian Life Settlements Inc. consented to the issuance of the compliance order in accordance with subsections 441(2)(a), (b) and (c) of the Insurance Act. Canadian Life Settlements Inc. also agreed to pay administrative costs in the amount of $10,000 to FSRA.

FSRA issued the compliance order as a result of a settlement with Canadian Life Settlements Inc.

Read FSRA's Order here.
Read the Minutes of Settlement here.
Read the Notice of Proposal here.

Learn more:

FSRA is working to protect consumers through its monitoring and enforcement activities.

FSRA continues to work on behalf of stakeholders, including consumers, to ensure financial safety, fairness, and choice for everyone. Learn more at www.fsrao.ca

SOURCE Financial Services Regulatory Authority of Ontario

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2022/30/c6131.html

Copyright CNW Group 2022

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