ID
2021-022

Type
Policy
Sector
Auto Insurance
Status
Public comment closed
Date
Comment Due Date

The Forms and Endorsements Approval Filing Process Guidance introduces a streamlined process that reduces regulatory burden and improves the timelines for the approval of non-standard forms and endorsements. Increasing process efficiency will also help shorten the time it takes for insurers to bring new and innovative consumer products to market.

Some key features of the guidance include:

  • one single filing process in place of multiple filings
  • a streamlined review process with standardized service standards to help insurers anticipate timelines
  • improved transparency through publication of non-standard forms where relevant

FSRA is also consulting on: Proposed Guidance for Operational Risk Management Framework in Rating and Underwriting of Automobile Insurance and Proposed Guidance for Reporting and Resolution of Automobile Insurance Rating and Underwriting Errors.

The consultation period is now open and will close on February 25, 2022.

Useful links:

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Sector Comment Date posted Sort ascending
Auto Insurance
[2021-022] Ryan Stein - Economical

March 9, 2022
Auto Insurance
[2021-022] Amelie Beauregard - VP, Home and Auto Pricing - Co-operators

February 25, 2022
Auto Insurance
[2021-022] Elliott Silverstein - CAA Insurance
On behalf of CAA Insurance, attached are comments regarding the ongoing consultation.

Thank you,

Elliott
February 25, 2022
Auto Insurance
[2021-022] Kim Donaldson - IBC
Attached is IBC's submission.
Thank you,
Kim
February 25, 2022
Auto Insurance
[2021-022] Scott Parry - Desjardins General Insurance Group (DGIG)
On behalf of Desjardins General Insurance Group (DGIG), I am pleased to respond to your request for comment on the Proposed Guidance for Automobile Insurance Non-Standard Forms, Endorsements and Certificates of Insurance Approval Filing Process. Thank you for the opportunity to provide our commentary.

-Scott Parry

February 25, 2022
Property and Casualty, and General Insurance
[2021-022] John Taylor - Ontario Mutual Insurance Association

February 16, 2022
No questions have been asked about this consultation yet.