Announcements
Results 21 - 30 of 979
Reports
Property and Casualty and General Insurance
All
FSRA conducted a review of property and casualty (P&C) insurers’ outsourcing relationships with managing general agents (MGAs) because of their significant role in the Ontario P&C market and the potential for consumer harm. The review found that MGAs provide specialized insurance coverage, but their
Enforcement Actions
Mortgage Brokering
All
Ontario’s financial services regulator, FSRA, has imposed six administrative penalties in the total amount of $30,000 on Samuel Dawson (Dawson). Dawson gave false or deceptive information and documents when dealing in mortgages in Ontario on six separate occasions, contrary to section 43(2) of the
Enforcement Actions
Life and Health Insurance
All
Ontario's financial services regulator, FSRA, has initiated enforcement action against Ishaan Ahuja (“Ahuja”). FSRA alleges Ahuja is no longer suitable to be licensed under the Insurance Act, R.S.O. 1990, c.I.8, as amended (the “Act”) and its regulations, because he provided false information with
Reports
Cross Sector
All
Q2 FY 2024-2025 Service Standards Scorecard FSRA takes action to improve performance in the future FSRA is releasing its Q2 FY 2024-2025 service standards scorecard. Although FSRA consistently met or surpassed 86.1% of its service targets across all regulated sectors, the processing time for Life
Announcements
Life and Health Insurance
For Industry
FSRA is pleased to welcome Dave Patriarche to its technical advisory committee on Insurer Oversight of Managing General Agencies (MGAs). Members of this advisory committee provide FSRA with expert advice on trends and issues related to the distribution of life and health insurance via MGAs. Dave
Enforcement Actions
Mortgage Brokering
All
Ontario's financial services regulator, FSRA, has initiated enforcement action against Rahman Mohammed (Mohammed). FSRA alleges that Mohammed caused his brokerage to fail to comply with the following requirements under the Mortgage Brokerages, Lenders and Administrators Act, 2006, S.O. 2006, c.29
Enforcement Actions
Mortgage Brokering
All
Ontario's financial services regulator, FSRA, has initiated enforcement action against Viviana Prentice (Prentice). FSRA alleges that Prentice received remuneration from a person other than her brokerage, contrary to section 4(1) of Ontario Regulation 187/08. FSRA is proposing to revoke Prentice’s
Newsletters
Cross Sector
All
We are pleased to send you the December summary of key activities from the Financial Services Regulatory Authority of Ontario (FSRA). The newsletter is designed to help you quickly review key initiatives during the past month. Our goal is to provide you with relevant communications and information
Enforcement Actions
Mortgage Brokering
All
Ontario's financial services regulator, FSRA, has initiated enforcement action against Renkai Lin (“Lin”) and ZK Financial Inc. (“ZK Financial”). FSRA alleges that Lin and ZK Financial are no longer suitable to be licensed under the Mortgage Brokerages, Lenders and Administrators Act, 2006 and its
Enforcement Actions
Mortgage Brokering
All
Ontario’s financial services regulator, FSRA, has initiated enforcement action against Iftikhar Ahmad Qadeer (Qadeer). FSRA alleges that Qadeer dealt in mortgages when not licensed to do so, contrary to section 2(3) of the Mortgage Brokerages, Lenders and Administrators Act, 2006, S.O. 2006, c.29