ID
2021-021

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

The Proposed Guidance ensures Ontario auto insurance companies are aware of FSRA’s requirements when rating and underwriting errors occur, and outlines:

  • the expectation for proper notice and resolution of rating and underwriting errors for auto insurance consumers
  • FSRA’s supervisory approach, including examination of insurers and consequences of failure to comply
  • a new process to publish errors publicly on the FSRA website

FSRA is also consulting on: Proposed Guidance for Operational Risk Management Framework in Rating and Underwriting of Automobile Insurance and Proposed Guidance for Automobile Insurance Non-Standard Forms, Endorsements and Certificates of Insurance Approval Filing Process.

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
[2021-021] Ryan Stein - Economical

March 9, 2022
Auto Insurance
[2021-021] Amelie Beauregard - VP, Home and Auto Pricing - Co-operators
This is a duplicate submission with a correction.
A previous version, submitted a couple of hours ago, had a typo.
Please use this version for the public copy. Thank you.
February 25, 2022
Auto Insurance
[2021-021] Elliott Silversteion - CAA Insurance
On behalf of CAA Insurance, attached are comments regarding the ongoing consultation.

Thank you,

Elliott
February 25, 2022
Auto Insurance
[2021-021] Catherine Allman - Canadian Association of Direct Relationship Insurers
Please find attached CADRI's combined submission to 2021-21 and 2021-23.
February 25, 2022
Auto Insurance
[2021-021] 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 Reporting and Resolution of Automobile Insurance Rating and Underwriting Errors. Thank you for the opportunity to provide our commentary.

-Scott Parry
Government Relations Advisor
February 25, 2022
Auto Insurance
[2021-021] Erica Kelsey - Aviva Canada

February 24, 2022
Property and Casualty, and General Insurance
[2021-021] John Taylor - Ontario Mutual Insurance Association

February 17, 2022
No questions have been asked about this consultation yet.