February 26, 2020
The Financial Services Regulatory Authority (FSRA) is warning consumers that a person using the name of Jarmaine Sterling is not licensed to conduct insurance business in Ontario.
Jarmaine Sterling, also known as Jerome Sting, Jermaine Wood, and Julian James, appears to have issued fraudulent liability slips (“pink cards”) to consumers as part of the solicitation of auto insurance policies through the Desjardins Insurance group of companies, including The Personal Insurance. He appears to be using the telephone numbers 226 830-0772, 613 689-4308, 289 499-9047, and 647 562-8245. He also appears to be using the email addresses [email protected] and [email protected], however, he is not affiliated or associated with Desjardins Insurance and is not licensed with FSRA.
On July 30, 2013, the Financial Services Commission of Ontario (FSCO) issued a Warning Notice that Jermaine Wood is not licensed to conduct insurance business in Ontario.
Consumers should note that the person using the name of Jarmaine Sterling and the other names provided above appears to be connected to Sherif Aly. On March 5, 2019, FSRA issued a Warning Notice that Sherif Aly is not licensed to conduct insurance business in Ontario.
FSRA encourages consumers to exercise caution if they are contacted by anyone using these names or anyone from these coordinates and consumers are advised not to obtain insurance products, including auto insurance, arranged through a person using the name of Jarmaine Sterling or the other names provided above.
FSRA licenses insurance agents to safeguard public confidence and trust in Ontario’s financial services. A licensed insurance agent can provide information and advice on the benefits and risks involved with purchasing different insurance products. Consumers who purchase items or insurance from individuals or entities that are not licensed as agents or insurers in Ontario are not protected under the Insurance Act and the regulations that govern Ontario's licensed agents and insurance companies.
Consumers can find a list of all insurance companies and agents licensed to do business in Ontario on FSRA’s website. The Registered Insurance Brokers of Ontario (RIBO)'s website contains a list of all brokers licensed to do business in Ontario.
Effective June 8, 2019, FSRA assumed the regulatory functions of FSCO and the Deposit Insurance Corporation of Ontario (DICO). FSRA is in the process of moving content from this website to www.fsrao.ca. Visit www.fsrao.ca for updates.
For further information
Brian Jantzi, Senior Manager, Corporate Communications
Email: [email protected] (media inquiries)