Insurance scam

The Financial Services Commission of Ontario (FSCO) is warning consumers that an individual called Mark Li Mosse is not licensed to do insurance business in Ontario.

FSCO has been informed that Li Mosse sold a false liability slip to a consumer. The slip appeared to be provided by Unifund Assurance Company. Following a traffic stop, Unifund confirmed that the slip was false and the insurance policy listed was not valid.

FSCO has also confirmed that Li Mosse is not licensed with either FSCO or the Registered Insurance Brokers of Ontario (RIBO).

Consumers should exercise caution if they are contacted by anyone matching this name.

If consumers purchase items or insurance from agents or insurers that are not licensed in the province, they are not protected under the Insurance Act and the regulations that govern Ontario’s licensed insurance companies and agents.

An Ontario insurance agent or broker can provide information and advice on the risks involved with purchasing different insurance products, as well as tips on avoiding auto insurance sales scams.

FSCO’s website contains a list of all insurance companies and agents licensed to do business in Ontario.

RIBO’s  website contains a list of all brokers licensed to do business in Ontario.