Public Alert - Individual Selling False Insurance Cards
TORONTO, July 30, 2013 /CNW/ - The Financial Services Commission of
Ontario (FSCO) is warning consumers that an individual called
"Jermaine" is claiming to sell auto insurance on behalf of
LinkXInsurance. The individual is using the following email address,
website and phone number: firstname.lastname@example.org, "www.LinkXInsurance.com", 647-830-8421.
This individual sold false insurance cards that listed Aviva Insurance
Company and PC Financial Insurance Brokers as their insurers.
LinkXInsurance and this individual are not licensed to do insurance
business in Ontario.
Consumers should exercise caution if they are contacted by anyone
matching this description.
It should be noted that Aviva Insurance Company of Canada is an
insurance company that is licensed by FSCO, and PC Financial Insurance
Brokers is an insurance brokerage that is licensed by the Registered
Insurance Brokers of Ontario (RIBO). The companies have confirmed that
they are not affiliated or associated with LinkXInsurance, this
individual or this scam.
If consumers purchase insurance from agents or insurers that are not
licensed in the province, they are not protected under the Insurance Act and the regulations that govern Ontario's licensed insurance companies
FSCO's website contains a list of all insurance companies and agents licensed to do business in Ontario, as well as tips on avoiding auto insurance sales scams.
An Ontario insurance agent or broker can provide information and advice
on the risks involved with purchasing different insurance products. The
Registered Insurance Brokers of Ontario (RIBO)'s website contains a list of all brokers licensed to do business in Ontario.
What to Do If You Think You are a Victim of a Scam or Fraud
SOURCE: Financial Services Commission of Ontario
For further information: