The Financial Services Regulatory Authority of Ontario (FSRA) has warned against unlicensed individual Andi Efovia.

The regulator made it clear that Efovia, of the Greater Toronto Area, is not licensed to conduct insurance business in Ontario.

“We recommend consumers avoid purchasing insurance, including auto insurance, from Efovia,” FSRA said, noting that Efovia’s unauthorized services are being advertised on social media.

“Efovia appears to be using the following contact information: phone numbers: 416-879-1021, 416-645-1106, 416-812-8800, 416-871-6671; e-mails: [email protected], [email protected],[email protected], [email protected], [email protected]; business addresses: 405 The West Mall, 9th Floor, Etobicoke, ON M9C 5K7, 3416 Dundas Street West, Suite 202, Toronto, ON M6S 2S1.”

“Not protected”

Aside from issuing the warning, FSRA also cast a spotlight on the lack of protection for affected consumers.

“Consumers are not protected under the Insurance Act when purchasing insurance from unlicensed individuals and/or companies,” the watchdog pointed out.

“Implications of purchasing insurance from unlicensed individuals include: you have no assurance the policy is valid, which can result in claims not being covered; your policy can be voided or cancelled for misrepresentation; policy cancellations can impact your insurance history which can lead to increased costs.

“Check FSRA’s website to make an informed choice when working with an Ontario insurance agent or insurer. In addition, see the Registered Insurance Brokers of Ontario’s (RIBO) website for a list of all RIBO-licensed insurance brokers.”

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