The Financial Services Regulatory Authority of Ontario (FSRA) has warned about definityinsurancecompany.com, which offered fraudulent proof of auto insurance cards, known as pink slips, without providing insurance coverage. The website has been taken down and was not licensed to conduct insurance business in Ontario. It offered the cards for a flat fee using the Definity Insurance brand but had no connection to Definity Insurance Company, formerly Economical Insurance, a legitimate insurer licensed by FSRA.
Consumers who purchased a pink slip through the website should report the matter to police and contact the insurer or brokerage listed on the card to confirm whether they have valid coverage. Driving without insurance could leave them personally liable for damage or injuries in a crash. Before buying auto insurance, consumers should verify agent and insurer licences through FSRA’s website and broker licences through the Registered Insurance Brokers of Ontario’s website.