FSCO issues public warning of auto insurance scam
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The Financial Services Commission of Ontario (FSCO) issued a warning to consumers Tuesday 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: [email protected], “www.LinkXInsurance.com”, 647-830-8421, according to FSCO.
The 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, FSCO said.
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, the individual or the scam.
The warning is the second that the regulator has issued his week related to insurance fraud. On Monday, it warned of an unlicenced company, “Sentel Insurance,” soliciting customers for personal information as part of a scam.
http://www.canadianunderwriter.ca/news/fsco-issues-public-warning-of-auto-insurance-scam/1002500107/
