FSRA imposes compliance order on Canadian Life Settlements Inc.
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.
FSRA continues to work on behalf of all stakeholders, including consumers, to ensure financial safety, fairness, and choice for everyone.
Learn more at www.fsrao.ca.
For media inquiries:
Sr. Media Relations and Digital Officer
Financial Services Regulatory Authority
Email: [email protected]