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An order that is made regarding a licence holder reflects a situation at a particular point in time. The status of a licence holder can change. Readers should check the current status of a person’s or entity’s licence on the Licensing Link section of FSRA’s website. Readers may also wish to contact the person or entity directly to get additional information or clarification about the events that resulted in the order.
Financial Services Regulatory Authority of Ontario

IN THE MATTER OF the Insurance Act, 2006, R.S.O. 1990, c.I.8, as amended (the “Insurance Act”), in particular sections 392.4 and 407.1;

AND IN THE MATTER OF Jasneet Singh Bajwa (“Bajwa”).


ORDER TO REFUSE TO RENEW LICENCE

Bajwa was licensed as a life agent and accident and sickness agent (licence #15147149) under the Act from October 20, 2015 until the licence expired on October 19, 2023. Bajwa is currently not licensed under the Act.

On September 3, 2024, by delegated authority from the Chief Executive Officer of the Financial Services Regulatory Authority of Ontario (the “Chief Executive Officer”), the Director, Litigation and Enforcement (the “Director”) issued a Notice of Proposal to refuse to renew Bajwa’s insurance agent licence for the following contraventions:

  1. Failing to maintain valid E&O insurance contrary to Section 13 of Ontario Regulation 347/04; and
  2. Making false or misleading statements or representations in the solicitation or registration of insurance contrary to Section 17(c) of Ontario Regulation 347/04.

A Request for Hearing (Form 1) dated September 17, 2024, was delivered to the Financial Services Tribunal (the “Tribunal”), in accordance with section 407.1(3) of the Insurance Act respecting this Notice of Proposal.

On December 2, 2025, Bajwa withdrew the Request for Hearing, and the Tribunal closed its file with respect to the matter. This Order is made pursuant to a settlement entered into by Bajwa and the Director.

ORDER

The renewal application of the life insurance and accident & sickness insurance agent licence (#15147149) issued to Bajwa is hereby refused for the reasons set out in the Minutes of Settlement dated November 10, 2025.

DATED at Toronto, Ontario, December 3, 2025

Original signed by

Elissa Sinha
Director, Litigation and Enforcement

By delegated authority from the Chief Executive Officer


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