The Financial Services Regulatory Authority of Ontario (FSRA) imposed an administrative penalty of CAD 5,000 on Donald Newton Mason and suspended his life insurance and accident and sickness insurance agent licence for failing to provide information requested by the regulator. FSRA cited subsection 442.3(1) of Ontario’s Insurance Act as the basis for the breach. Mason did not request a hearing before the Financial Services Tribunal and did not contest FSRA’s proposal.
Financial Services Regulatory Authority of Ontario 2025-06-19
Financial Services Regulatory Authority of Ontario imposes CAD 5,000 penalty and suspends Donald Newton Mason’s insurance agent licence
The Financial Services Regulatory Authority of Ontario imposed a CAD 5,000 penalty on Donald Newton Mason and suspended his insurance agent licence for non-compliance with information requests. The action was based on subsection 442.3(1) of Ontario’s Insurance Act. Mason did not contest the proposal or request a hearing.