FSRA imposes administrative penalty against Oded Oliver Beer and amends agent's licence with conditions

The Financial Services Regulatory Authority of Ontario (FSRA) issued an order imposing an administrative penalty in the amount of $16,000 on Oded Oliver Beer and amends the insurance agent licence issued to Oded Oliver Beer with conditions.

Oded Oliver Beer engaged in unfair or deceptive acts of rebating premiums, contrary to section 439 of the Insurance Act and section 2(1) of Ontario Regulation 7/00.

FSRA issued this Order as a result of a settlement between FSRA and Oded Oliver Beer.

Learn more:

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:

Russ Courtney
Sr. Media Relations and Digital Officer
Financial Services Regulatory Authority
C: 437-225-8551
Email: [email protected]