Warning Notice - Unlicensed Insurance Activity

Kevin Kolenda and Hole-in-WON are not licensed to do insurance business in Ontario

TORONTO, Aug. 2, 2013 /CNW/ - ​The Financial Services Commission of Ontario (FSCO) is warning consumers that Kevin Kolenda and Hole-in-WON (Hole-in-WON.com) are not licensed to do insurance business in Ontario.

FSCO has been informed that Mr. Kolenda and Hole-in-WON are soliciting and providing prize or award insurance coverage for golf contests and events in Ontario. The fee or premium charged by Mr. Kolenda and the company would be paid by planners and organizers of golf tournaments and other events.

FSCO has also learned that Mr. Kolenda and Hole-in-WON have been the subject of fraud and felony charges for selling unlicensed insurance in the state of Washington. Previously, cease-and-desist orders from the states of Washington and North Carolina were issued against Mr. Kolenda and the company.

The Hole-in-WON website lists two phone numbers: 203-831-0600 and 203-831-0642, as well as an email address: "[email protected]". Consumers should exercise caution if they are contacted by anyone from these coordinates.

If consumers purchase 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.

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

An Ontario insurance agent or broker can provide information and advice on the risks involved with purchasing different insurance products.

ADDITIONAL INFORMATION 

What to Do If You Think You are a Victim of a Scam or Fraud

SOURCE: Financial Services Commission of Ontario