IN THE MATTER OF the Insurance Act, R.S.O. 1990, c I.8, as amended (the “Act”), in particular section 55(2)(b) and Ontario Regulation 347/04, in particular section 12(1);
AND IN THE MATTER OF ivari
ivari is a licensed insurer under the Act (licence # 768).
On May 30, 2024, by delegated authority from the Chief Executive Officer of the Financial Services Regulatory Authority of Ontario (the “Chief Executive Officer”) the Executive Vice President, Market Conduct (the “EVP, Market Conduct”), issued a Notice of Intention to impose conditions on ivari’s insurer licence in accordance with section 55 of the Act.
On May 30, 2024, ivari consented to the conditions being imposed on its licence.
By delegated authority from the Chief Executive Officer, the EVP, Market Conduct, makes the following order.
The insurance licence (licence # 768) issued to ivari is hereby amended, on consent, to include conditions for the reasons set out in the Notice of Intent issued on May 30, 2024.
DATED at Toronto, Ontario, May 30, 2024.
Original signed by
Huston Loke
Executive Vice President, Market Conduct
By delegated authority from the Chief Executive Officer
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