Showing posts with label Insurance Fraud Ontario. Show all posts
Showing posts with label Insurance Fraud Ontario. Show all posts

Wednesday, 31 July 2013

FSCO alerts public to insurance scams

Sentel Insurance and LinkXInsurance are not licensed to do business in Ontario



The Financial Services Commission of Ontario (FSCO) is warning consumers that Sentel Insurance is not licensed to do insurance business in Ontario.

FSCO has been informed that a company or individual identifying themselves as “Sentel Insurance” has been placing phone calls to Royal Bank of Canada (RBC) clients. The calls come from the phone number 587-880-4306, and ask for the recipient’s personal information for the purposes of offering identity theft protection insurance on behalf of RBC.

Consumers should exercise caution if they are contacted by anyone from these coordinates. FSCO has confirmed with RBC that Sentel Insurance does not appear to be selling a valid product, and is not a valid insurance agency associated with RBC.

FSCO has also issued a warning alerting 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: linkxinsurance@gmail.com, “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.

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 brokers 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.

FSCO’s website contains a list of all insurance companies and brokers licensed to do business in Ontario.

Tuesday, 9 April 2013

FSCO warns of insurance scam

 Royal Insurance Company and Stock Exchange Insurance aren’t licensed to do insurance business in Ontario, says the Financial Services Commission of Ontario (FSCO).

According to FSCO, the following phone number has been used in relation to this scam: 601-990-6303.

Victims of this scam report being directed to call this number and speak with “Gina” about arranging insurance.

In April 2012, FSCO warned that Royal Insurance was not licensed to do insurance business in Ontario.

FSCO notes that Royal Insurance Company and Stock Exchange Insurance are not affiliated or associated with Royal & Sun Alliance Insurance Company of Canada.