FSCO issues cease and desist against benefits company

Ontario’s insurance regulator has issues a "cease and desist" order against the Myrtie Rose Benefit Program Inc. and the company’s four directors.
The Financial Services Commission of Ontario (FSCO) says the benefits company is not licenced to sell insurance in Ontario. The issue applies to any agents of the company, as well as directors Myrtie Rose, Joy Morris, Ian Anthony Morris, Fisola Robinson and Tinuola Shaw.
Specifically, FSCO wants to send out a warning to clients of the company who are having payments automatically deducted from their bank accounts to have those payments stopped.
The benefits company is required to stop advertising and notify all clients and prospects of the cease and desist order, and to provide verification to the superintendent of insurance that such notification has been given.