FSRA issued order to refuse to renew licence and to confirm summary administrative penalty order against Manpreet Kaur Dhillon

Ontario's financial services regulator, FSRA, has refused to renew the Life Insurance and Accident Sickness Insurance Agent licence of Manpreet Kaur Dhillon (“Dhillon”), and confirmed summary administrative penalty of $1,000.

Dhillon contravened sections 14 and 8(b) of Ontario Regulation 347/04 under the Insurance Act by failing to complete continuing education requirements. Further, Dhillon demonstrated untrustworthiness to conduct the insurance agency business, contrary to subsections (c) and (d) of section 8 of Ontario Regulation 347/04by making material misstatements on the 2021 licensing application and submitting falsified continuing education certificates.

FSRA issued this order as a result of a decision of the Financial Services Tribunal (“Tribunal”) dated May 24, 2024, where the Tribunal upheld the Order requiring Dhillon to pay the $1,000 summary administrative penalty and directed the Chief Executive Officer to carry out the Notice of Proposal to refuse to renew Dhillon’s licence.

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For media inquiries:

Russ Courtney
Senior Manager of Media Relations
Financial Services Regulatory Authority
C: 437-225-8551
Email: [email protected]