TORONTO, Feb. 3, 2026 /CNW/ - The Financial Regulatory Authority of Ontario, FSRA, has initiated enforcement action against Chintankumar Narendra Thakkar (Thakkar).
FSRA alleges that Thakkar acted as an insurance agent by transmitting insurance applications to the Insurer and charging a fee while not being duly licensed, contrary to section 392.2(6) of the Insurance Act, R.S.O. 1990, c.I.8, as amended.
FSRA is proposing to impose an administrative penalty in the amount of $30,000 against Thakkar.
Thakkar requested a hearing before the Financial Services Tribunal about this proposal.
Learn more:
Access our enforcement database to see how FSRA is working to protect consumers through its monitoring and enforcement activities.
For media inquiries:
Russ Courtney
Senior Manager of Media Relations
Financial Services Regulatory Authority
C: 437-225-8551
Email: [email protected]
SOURCE Financial Services Regulatory Authority of Ontario
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