TORONTO, April 17, 2019 /CNW/ - The Financial Services Commission of Ontario (FSCO) is warning consumers that Kawai Ho is not licensed to conduct insurance business in Ontario.
Kawai Ho appears to be soliciting auto insurance through Desjardins Insurance. Ho is not licensed with FSCO. Ho is also not affiliated or associated with Desjardins Insurance, which is licensed by FSCO.
Kawai Ho appears to be using the telephone numbers 437 980-3088 and 905 947-4410, and the email address [email protected].
Consumers should exercise caution if they are contacted by Kawai Ho or anyone else from these coordinates. Consumers are also advised not to obtain insurance products, including auto insurance, arranged through him.
Consumers who purchase items or insurance from individuals or entities that are not licensed as agents or insurers in Ontario are not protected under the Insurance Act and the regulations that govern Ontario's licensed insurance companies and agents.
Consumers should note that a licensed insurance agent or broker in Ontario can provide information and advice on the benefits and risks involved with purchasing different insurance products. FSCO's website contains tips on avoiding auto insurance sales scams.
Consumers can find a list of all insurance companies and agents licensed to do business in Ontario on FSCO's website. The Registered Insurance Brokers of Ontario (RIBO)'s website contains a list of all brokers licensed to do business in Ontario.
Additional Information: What to Do If You Think You are a Victim of a Scam or Fraud
SOURCE Financial Services Commission of Ontario
For further information: For media inquiries (only), please contact: Malon Edwards, Senior Communications Officer, Telephone: 416-590-7536, Toll free: 1-800-668-0128, ext. 7795, Fax: 416-590-7070, TTY Toll Free: 1-800-387-0584, Email: [email protected]; Public inquiries: 1-800-668-0128, [email protected]