FINANCIAL SERVICES TRIBUNAL
IN THE MATTER OF the Insurance Act, R.S.O. 1990, c. I.8, as amended (the “Act”), and, in particular, sections 441 and 441.1 of the Act;
AND IN THE MATTER OF the Notice of Proposal to Impose a Cease and Desist Order dated March 20, 2020 issued by the Chief Executive Office of the Financial Services Regulatory Authority of Ontario;
AND IN THE MATTER OF three Requests for Hearing in accordance with subsections 441(3) and 441.3(5) of the Act.
B E T W E E N:
1843538 ONTARIO INC., C.O.B. AS MCLAREN COLLISION, FADY RONY WARDA and RONY AMANUEL WARDA
APPLICANTS
and
CHIEF EXECUTIVE OFFICER, FINANCIAL SERVICES REGULATORY AUTHORITY OF ONTARIO
RESPONDENT
BEFORE:
Christopher Portner Member of the Tribunal and Chair of the Panel
WRITTEN REQUEST:
On consent of the parties
ORDER
I. INTRODUCTION
1On June 30, 2022, I heard three motions brought by the Applicants in connection with this proceeding.
2On August 3, 2022, I issued Reasons for my decision to dismiss each of the three motions (2022 ONFST 13).
3With the consent of the parties, the Applicants have agreed to pay costs in the amount of $2,000 to the Respondent within 60 days.
II. order
5Given the foregoing, I order the Applicants to pay $2,000 to the Respondent within 60 days of this Order.
Dated at Toronto this 14th day of September, 2022.
“Christopher Portner” Christopher Portner