Announcements

To help consumers get access to auto insurance rates that are fair and reasonable, Ontario’s financial services regulator (FSRA) is releasing its annual review guidance and benchmarks. FSRA uses these benchmarks to review an insurance company’s proposed rate changes and evaluate developments and

Ontario’s financial services regulator, FSRA, is encouraging mortgage professionals and sector stakeholders to apply for membership on the regulator’s Technical Advisory Committee (TAC). The Committee will provide advice and insights to help improve consumer protection, innovation and regulation for

Ontario's financial services regulator, FSRA, has imposed an administrative penalty against Tejpal Mann (Mann). Mann was previously a licensed life insurance and accident and sickness insurance agent under the Insurance Act (Act). His licence expired on June 23, 2022. While licensed, Mann directly

The Financial Services Regulatory Authority of Ontario (“FSRA”) is launching public consultations on its proposed 2025-26 Statement of Priorities and Budget. Through this process, stakeholders will have the opportunity to help set the future direction of financial services regulation in Ontario. “At

Ontario's financial services regulator, FSRA, has issued an Order imposing an administrative penalty in the amount of $17,000 against Jensen Ocampo (Ocampo). Ocampo paid a rebate to 27 clients for the premiums for their life insurance policies, contrary to section 2(2) of Ontario Regulation 7/00 (in

Ontario’s financial services regulator (FSRA) is making it easier for consumers to apply for automobile accident benefits. In collaboration with industry stakeholders and the Insurance Bureau of Canada (IBC), FSRA has revised the Application for Accident Benefits (OCF-1) form. The revised version of

Ontario’s financial services regulator, FSRA has issued an order to impose administrative penalties in the total amount of $23,425 against James Hooker (Hooker). Hooker was previously licensed as a mortgage agent under the Mortgage Brokerages, Lenders and Administrators Act, 2006 (Act). Hooker

Ontario’s financial services regulator, FSRA, has initiated enforcement action against Warden Wellness Centre Ltd (Warden Wellness) and Anusuya Gobinathan (Gobinathan). FSRA alleges that Warden Wellness is not suitable to be licensed under the Insurance Act, R.S.O. 1990, c.I.8 (Act) because it

Ontario's financial services regulator, FSRA has initiated enforcement action against Stephanie Vaarsi. FSRA alleges that Stephanie Vaarsi (“Vaarsi”) is not suitable to be licensed as a life insurance and accident and sickness insurance agent. Vaarsi is not of good character and reputation or

We are pleased to send you the November 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