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Ontario regulator issues warning of unlicensed insurance company


July 29, 2013   by Canadian Underwriter


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The Financial Services Commission of Ontario (FSCO) is warning consumers that Sentel Insurance is not licensed to do insurance business in the province. 

FSCO warns of unlicensed company

FSCO said Monday it had been informed that a company or individual identifying themselves as “Sentel Insurance” has been placing phone calls to Royal Bank of Canada (RBC) clients.

The calls come from the phone number 587-880-4306, and ask for the recipient’s personal information for the purposes of offering identity theft protection insurance on behalf of RBC.

“Consumers should exercise caution if they are contacted by anyone from these coordinates,” the warning noted. “FSCO has confirmed with RBC that Sentel Insurance does not appear to be selling a valid product, and is not a valid insurance agency associated with RBC.” 

FSCO’s website contains a list of all insurance companies and agents licensed to do business in Ontario, as well as tips for how consumers can protect themselves from scams or other fraud.


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