TORONTO, Sept. 25, 2023 /CNW/ – The Monetary Companies Regulatory Authority of Ontario (FSRA) is warning customers that a person referring to themself as Harry Insurance coverage, Swaveer Khati and/or Jarmandeep Singh shouldn’t be licensed to conduct insurance coverage enterprise in Ontario.
This particular person seems to be helping prospects to acquire auto insurance coverage insurance policies within the Larger Toronto Space.
We advocate customers keep away from inserting auto insurance coverage if contacted by a person with the next coordinates:
Harry Insurance coverage, Swaveer Khati and/or Jarmandeep Singh are usually not affiliated or related to any insurer licensed by FSRA.
If customers buy objects or insurance coverage from brokers or insurers who are usually not licensed within the province, customers are usually not protected beneath the Insurance coverage Act and the rules that govern Ontario’s licensed insurance coverage corporations and brokers.
There are numerous implications with inserting insurance coverage with an unlicensed particular person, similar to:
- You haven’t any assurance the coverage is legitimate, which can lead to claims not being coated.
- Your coverage may be voided or topic to cancellation for misrepresentation.
- Coverage cancellations can influence your insurance coverage historical past which may result in elevated prices for insurance coverage.
An Ontario insurance coverage agent or dealer can present data and recommendation on the dangers concerned with buying totally different insurance coverage merchandise, in addition to tips about avoiding auto insurance coverage gross sales scams.
FSRA’s web site incorporates an inventory of all insurance coverage corporations and brokers licensed to do enterprise in Ontario. The Registered Insurance coverage Brokers of Ontario (RIBO)’s web site incorporates an inventory of all brokers licensed to do enterprise in Ontario.
For media inquiries:
Russ Courtney
Senior Media Relations and Digital Officer
Monetary Companies Regulatory Authority
C: 437-225-8551
E mail:
For public inquiries:
Toll free: 1-800-668-0128
E mail:
SOURCE Monetary Companies Regulatory Authority of Ontario
