Announcements

Treating consumers fairly when using big data analytics in the auto insurance system The Financial Services Regulatory Authority of Ontario’s (FSRA) Technical Advisory Committee for Auto Insurance Data and Analytics Strategy is releasing its final report on the Fair Treatment of Consumers in Uses of

Today the Financial Services Regulatory Authority of Ontario (FSRA) released its integrated Insurance Prudential Supervisory Framework Guidance for public consultation. The Insurance Prudential Supervisory Framework sets out FSRA’s processes for assessing the risk profiles of provincially

We are pleased to send you the June 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 to

The Financial Services Regulatory Authority of Ontario (FSRA) is warning consumers to refrain from using Relm Insurance Limited in Bermuda to obtain insurance. The company is not licensed to conduct insurance business in Ontario. Relm Insurance Limited is located at Canon’s Court, 22 Victoria Street

The Financial Services Regulatory Authority of Ontario (FSRA) has initiated enforcement action against Saadia Ali, Amin Mohammad Ali, and Anusha Financial Group Inc. FSRA is proposing to revoke the licences of Saadia Ali and Amin Mohammad Ali and refuse to renew the licence of Anusha Financial Group

The Financial Services Regulatory Authority of Ontario (FSRA) issued a compliance order on consent on Canadian Life Settlements Inc. Canadian Life Settlements Inc. consented to the issuance of the compliance order in accordance with subsections 441(2)(a), (b) and (c) of the Insurance Act. Canadian

The Financial Services Regulatory Authority of Ontario (FSRA) has initiated enforcement action against Aman Maharaj. FSRA alleges that Aman Maharaj is not suitable for licensing as contemplated under sections 4(1)(a), (c), and (i) of Ontario Regulation 347/04 on the basis that Maharaj's past conduct

The Financial Services Regulatory Authority of Ontario (FSRA) has initiated enforcement action against Susan Keshen and Michael Stoddart. FSRA alleges that Susan Keshen carried on business as an insurance agent in a name other than that on her licence contrary to section 401 of the Act. FSRA also

To make it easier and more efficient to report data, mortgage brokerages will only be required to provide NQSMI data once a year. This new requirement will be in effect starting with the 2022 reporting period commencing on January 1, 2022. In their 2022 AIR filing, licensed mortgage brokerages will

The Financial Services Regulatory Authority of Ontario (FSRA) issued an order imposing two administrative penalties in the total amount of $8,500 on Mark Dennis Carter. Mark Dennis Carter failed to maintain errors and omissions insurance or an approved form of financial guarantee contrary to Ontario