Insurance In The 6ix is not licensed to conduct insurance business in Ontario
TORONTO, Dec. 15, 2015 /CNW/ - The Financial Services Commission of Ontario (FSCO) is warning consumers that Insurance In The 6ix is not licensed to conduct insurance business in Ontario.
FSCO has information that Insurance In The 6ix is using social media channels such as Instagram to advertise their services for arranging auto insurance. For an up-front fee, Insurance In The 6ix claims to provide quotes for auto insurance policies.
Insurance In The 6ix uses the following contact information:
Email: InsuranceInThe6ix @ gmail.com
Address: 120 Norfinch Drive, Toronto, Ontario
Insurance In The 6ix is not licensed or registered under Ontario law as an insurance company, insurance broker, insurance brokerage, or as a corporate insurance agency.
Consumers should exercise caution if they encounter online promotions for Insurance In The 6ix or if they are contacted by anyone representing Insurance In the 6ix in the sale of insurance products.
Consumers should also be wary of requests for up-front fees from businesses or individuals purporting to arrange auto insurance on their behalf. A licensed insurance agent or broker generally does not charge you fees – he or she receives payment from the insurance company.
If consumers purchase insurance through individuals or companies 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.
FSCO's website contains a list of all insurance companies and agents licensed to do business in Ontario. The website of the Registered Insurance Brokers of Ontario contains a list of all insurance brokers and brokerages licensed to do business in Ontario.
Read FSCO's Don't get scammed buying auto insurance for tips on avoiding common auto insurance scams.
What to do if you think you are a victim of a scam or fraud
SOURCE Financial Services Commission of Ontario