Public Alert – Unlicensed Individual Selling False Insurance
TORONTO, June 4, 2014 /CNW/ - The Financial Services Commission of Ontario (FSCO) is warning consumers that an individual known as Frank Domalewski is not licensed to do insurance business in Ontario.
This individual appears to have signed a fraudulent insurance policy for pieces of salon equipment. The individual also provided a phone number on the false policy, 905-266-1366, extension 0124.
Consumers should exercise caution if they are contacted by anyone matching this description.
If consumers purchase items or 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 and agents.
An Ontario insurance agent or broker can provide information and advice on the risks involved with purchasing different insurance products.
SOURCE: Financial Services Commission of Ontario