Deadline extended for FSRA’s proposed L&H MGA Rule consultation
Ontario’s financial services regulator (FSRA) is extending the deadline to submit feedback and comments on its Proposed Rule 2025-001 – Life and Health Insurance Managing General Agents. The consultation will now close on April 30, 2025.
FSRA wants to ensure stakeholders have enough time to provide their comments, ideas and suggestions about this important initiative.
The proposed rule aims to better protect consumers and strengthen oversight of life and health insurance managing general agents (L&H MGAs). It builds on recent amendments to the Insurance Act creating a separate licensing class for L&H MGAs in Ontario.
Your feedback is valuable, and we encourage you to take advantage of this opportunity.
FSRA thanks all stakeholders for their thoughtful contributions.
Learn more:
FSRA continues to work on behalf of all stakeholders, including consumers, to ensure financial safety, fairness, and choice for everyone. Learn more at www.fsrao.ca.