1. How are assessments calculated for the insurance sector?

FSRA assessment calculations are based on the calculations shown in Rule 2019-001 for Assessments and Fees. To see the calculation for your specific industry, please refer to the following subsections: Insurance Sector: Subsection 4.1.

The FSRA assessment is calculated by subsector using the following formula:

Insurer’s direct written premiums for the subsector ÷ Total direct written premiums for the subsector


Budgeted expenditures net of fees

Insurers are subject to a minimum fee of $100 for fraternal societies and $1,000 for all other insurance entities. 

The FSRA assessment has been calculated based on the following subsectors: auto rates, property and casualty, property and casualty prudential regulation and life conduct.

The FSCO assessment is based on FSCO’s preliminary financial statements for the period from April 1, 2018 to June 7, 2019 and represents a charge to your entity for the difference between FSCO’s preliminary estimate of costs and actual costs for the period. The balance has been determined based on FSCO’s regulations (Ontario Regulation 11/01 of the Financial Services Commission of Ontario Act, 1997).

2. What is the “Insurer’s minimum assessment adjustment” shown on line 9 of my invoice?

Small insurance companies pay a minimum assessment $1,000 and fraternal societies a minimum assessment of $100. These minimum assessments reduce the assessment payable by all other insurers. A credit (negative) amount on the insurer’s minimum assessment adjustment line represents the insurer’s share of this assessment reduction. A charge (positive) amount on line 9 represents the amount required to increase the insurer’s assessment to the minimum assessment amount.

3. Where does the information on my company’s written premiums come from?

The data collected is based on returns filed by insurers to FSRA, the federal Office of the Superintendent of Financial Institutions (OSFI) and the Ontario Mutual Insurance Association (OMIA).

4. My company is no longer in business. Why did I receive an invoice?

If your company was in business for any portion of the fiscal year of the assessment period or reported premiums in the previous year you are required to pay an assessment.

5. I stopped doing business mid-year. Is my final assessment pro-rated or based on the full year?

The final assessment calculation is based on premiums reported in the previous calendar year. For example if you stopped doing business mid-year in 2018, your premiums would reflect the change in your business in 2018 and therefore in our 2019-20 assessment. If you stopped doing business mid-year in 2019, it will be reflected in the final billing for 2020-21.

6. How do I update my contact information?

7. How do I read my FSRA assessment invoice?