TORONTO, Feb. 19, 2026 /CNW/ - The Financial Services Regulatory Authority of Ontario (FSRA), has imposed a compliance order on Andi Efovia (Efovia) to cease and desist from conducting insurance business in Ontario and imposed administrative penalties in the total amount of $25,000 on Efovia.
Efovia contravened the Insurance Act, R.S.O. 1990, c. I.8, as amended (the Act) and regulations as follows:
- By acting as an insurance agent while not being duly licensed, contrary to section 392.2(6) of the Act and section 2(1) of Ontario Regulation 347/04; and
- By representing himself and/or holding himself out to the public as an insurance agent while not being duly licensed, contrary to section 401 of the Act.
Efovia did not request a hearing before the Financial Services Tribunal or contest FSRA's 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
Share this article