Announcements
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FSRA Releases Guidance Aimed at Protecting Auto Insurance Claimants While Physical Distancing Restrictions in Place
Announcements
Auto Insurance
All
TORONTO, June 3, 2020 – The Financial Services Regulatory Authority of Ontario (FSRA) is continuing to work with those we regulate to ensure financial safety, fairness and choice for consumers during this time of rapid change and disruption. FSRA is issuing new guidance to protect auto insurance
FSRA Releases Q1 2020 Estimated Solvency Funded Status of Defined Benefit Pension Plans in Ontario
Reports
Pensions
All
FSRA has released its Q1 2020 Estimated Solvency Report for Ontario's Defined Benefit Pension Plans. The report helps FSRA promote good administration of pension plans, and is a supervisory tool FSRA uses to improve outcomes for pension plan beneficiaries. Learn more at: Quarterly Update on
FSRA’s First Consumer Awareness Campaign – Ensuring Consumer Confidence in Credit Unions
Announcements
Credit Unions and Caisses Populaires
For Consumers
FSRA has launched its first consumer awareness campaign in support of the Deposit Insurance Reserve Fund (DIRF). The campaign began May 15th that continues through to June 22nd with the goal to: Help create consumer confidence and assurance in saving with Ontario credit unions Assure Ontario credit
FSRA Announces New Measures to Support Pension Plans during Current Period of Disruption
Announcements
Pensions
For Consumers
TORONTO, May 22, 2020 – The Financial Services Regulatory Authority of Ontario (FSRA) is continuing to work with those we regulate to ensure financial safety, fairness and choice for consumers and members during this time of rapid change and disruption. We have issued new guidance on transferring
FSRA Releases Loss Trend Benchmarks for Private Passenger Automobile Major Rate Filings Guidance and Public Consultation Summary Report
Announcements
Auto Insurance
All
TORONTO, May 15, 2020 – The Financial Services Regulatory Authority of Ontario’s (FSRA) new auto insurance cost Benchmarks were released today after the conclusion of a new evidence-based and transparent process. This process involved a study of industry loss data to June 30, 2019 by a leading
FSRA increases protections for consumers of mortgage-based investments
Announcements
Mortgage Brokering
For Industry
The Financial Services Regulatory Authority of Ontario (FSRA) is continuing to work with those we regulate to ensure financial safety, fairness and choice for consumers and members during this time of rapid change and disruption. FSRA is issuing new guidance to increase protection for consumers
Credit Union Capital Treatment of Loans under the Federal Government Business Credit Availability Program
Announcements
Credit Unions and Caisses Populaires
For Industry
TORONTO, May 7, 2020 – On March 27, 2020, the Government of Canada launched the Business Credit Availability Program to support small and medium size enterprises through the current economic challenges. This program includes the Canada Emergency Business Account, the Export Development Canada Loan
Renew your insurance adjusting firm licence by June 30
Announcements
Life and Health Insurance
For Industry
Your corporate insurance adjusting firm licence will expire on June 30. Beginning May 1, you can apply to renew your licence. Don’t forget, you’ll also need to submit the application form for each individual adjuster that your corporation sponsors. If you are: Applying to renew your corporate
FSRA Pension Plan Contacts
Announcements
Pensions
All
In response to COVID-19, our Pension Officers are working remotely. Here is how you can reach them: Important Service Update for Pension Plans.
Deadline extensions for insurance agents
Announcements
Life and Health Insurance
For Industry
On March 27, FSRA announced that we will be extending the deadline for insurance agents to renew their licences by 60 days. We are now providing further details. In light of COVID-19, we understand you may be experiencing disruptions to your business. What’s happening For insurance agents: whose