If your corporation or partnership has an insurance licence from another Canadian province or territory, you can apply for the same licence with the Financial Services Regulatory Authority of Ontario (FSRA). The following instructions apply to licences for accident & sickness (A&S) insurance and general insurance (i.e., property and casualty insurance, including auto insurance).
Before you submit your licence application to FSRA, you must register your business with Ontario's Ministry of Government and Consumer Services first.
If you are an Ontario-licensed corporation or partnership, and you want to apply for a licence in a different province, go to the Canadian Council of Insurance Regulators to access links to the different regulators.
- About the Ontario licence
- What are the requirements to apply from another province or territory?
- Ready to apply for a new licence?
Sponsorship required with an insurer
To be licensed for A&S or general insurance, your corporation or partnership must be sponsored by a licensed insurer at all times.
- Your sponsoring insurer is responsible for confirming your business meets all licensing requirements.
- As the corporation or partnership, you are responsible for managing the application process and maintaining your licence.
Designated agent required for a new licence
Before you apply for a new licence in Ontario, you will need to select one person to act as the designated agent for your corporation or partnership. This person would be authorized to conduct your insurance business and act as the main point of contact for all of the agents working on behalf of your business.
- The designated agent must hold the same type of Ontario licence that your business is applying for. For example, if you are applying for an A&S licence, the designated agent should already hold an A&S licence in Ontario.
- For corporations, the designated agent does not have to be an officer, director or shareholder.
- For partnerships, at least one of the partners must hold the same licence you are applying for. For example, if you are applying for a general licence, one of your partners should hold a general agent licence in Ontario.
Fee for a new application
The fee to apply for a new insurance licence is:
- $400 for a corporation
- $200 for a partnership
This fee covers the first two years of your licence.
If you are incorporated in another province or territory or if you are federally incorporated, you will need to first file an Initial Return/Notice of Change by an Extra-Provincial Corporation (Form 2 under the Corporations Information Act) with Ontario’s Ministry of Government and Consumer Services. For details on how to file an Initial Return, go to ServiceOntario.
Your application to FSRA will need to include:
- A copy of the full set of incorporation documents from your home province or territory
- The Ontario Corporation Number certificate from your Initial Return
- Information about your directors and officers, including a unique email address for each director or officer
Are you incorporated in Ontario? Go to:
If you are applying as a partnership, you will need to first register as a partnership with Ontario's Ministry of Government and Consumer Services. For details on how to register your partnership, go to ServiceOntario.
Your application to FSRA will need to include either:
- A copy of the Declaration (Form 3 under Limited Partnerships Act)
- A copy of the partnership agreement
- information about your partner, including their email address
You will also need to provide a Master Business Licence with your application. See Register your trade name in Ontario for more details.
You must register a trade name with the Ministry of Government and Consumer Services if:
- Your business is a corporation and you want to operate under a name that is not your legal name
- Your business is a partnership
You will receive a Master Business Licence as proof of the registration. For details on how to register your trade name, go to ServiceOntario.
When you apply for the licence, you will need to include the registered trade name, along with a copy of the Master Business Licence. The Master Business Licence must have an expiry date greater than one month from the date of your licence application.
If you will be using more than one trade name, you will need to register and provide a Master Business Licence for each name.
Review the following checklist to ensure you are ready to apply for a new licence in Ontario.
- Confirm the name of your designated agent and ensure they have the same type of Ontario agent licence that your business is applying for.
- Be sponsored by a licensed insurer.
- If you are a corporation, provide:
- a copy of the incorporation documents from your home province or territory
- the Ontario Corporate Number certificate from your Initial Return
- proof of your business address
- a copy of the Principal Representative's government-issued identification
- information about your directors and officers, including a unique email address for each director or officer
- a copy of the Master Business Licence (if applicable)
- If you are a partnership, include:
- a copy of the Declaration OR your partnership agreement
- a Master Business Licence
- proof of your business address
- a copy of the Principal Representative's government-issued identification
- information about the other partner, including their email address
- Have an Ontario mailing address that can receive registered mail (e.g., no postal boxes).
Once you have met all of these requirements, you are ready to begin the application process.
Who can apply?
You will need to identify a Principal Representative whose role is to own the account on the Licensing Portal for Insurance Agencies and submit all online applications. The Principal Representative must be a director, officer or partner. All individuals (including the Principal Representative and directors/officers/partners (DOPs) must first complete their criminal record and judicial matters checks (CRJMCs) through FSRA’s approved vendor Triton Canada (Triton). All Principal Representatives and DOPs must provide the Triton CRJMC confirmation number with their declarations confirmation of their suitability for licensing of the brokerage).
The corporate licence will only be approved or issued when all the CRJMCs are completed and the declarations from the business's DOPs are received and reviewed by FSRA.
Please note that verification of a Principal Representative, or DOP may require a criminal record and judicial matters check (CRJMC) through FSRA’s approved vendor, Triton Canada (Triton).
New Criminal Record and Judicial Matters Check process
FSRA is changing its licensing processes for criminal record and judicial matters checks (CRJMCs) to ensure the processes remain up to date. CRJMCs are part of FSRA’s rigorous licence qualification process to protect consumers by ensuring only suitable individuals sell or offer financial products and services in Ontario.
FSRA now requires licence applicants to complete their CRJMCs through our approved vendor, Triton Canada (Triton). If you have disclosed information about a criminal matter, or FSRA has received information that you may be involved in a criminal matter, you may be required to complete a CRJMC after you have submitted your application.
If required, FSRA will notify you, and will send a link to Triton’s website to complete the CRJMC. Once completed, you will need to provide the 8-digit CRJMC confirmation number found in your Triton invoice to FSRA. A fee of $19.15 applies for Triton’s service, and the CRJMC is valid for 90 days.
Please monitor your email frequently for any information requests from FSRA. If you have any further questions about the new criminal record and judicial matters check process, please contact us.
How to apply
There is a two-step process that involves registering your business with FSRA and applying for the licence. Each step will require approval from FSRA.
1. Register your business on the Licensing Portal for Insurance Agencies
a. Go to the Licensing Portal for Insurance Agencies and set up your Principal Representative's account.
b. Log in to the Principal Representative’s account and initiate an application to register your business including providing your Triton confirmation number.
c. You will be required to confirm or submit the following information to register your business:
- Provide the relevant business information outlined in the checklist.
- Upload your incorporation or partnership documents.
- Support your application for a licence by confirming:
- You are familiar with the laws of Ontario relating to the licensing of corporations or partnerships.
- You will hold yourself out publicly and operate in good faith in the name in which your business is licensed.
- You will not engage in any other conduct that would jeopardize the integrity, independence or competence of your business.
- You are legally entitled to carry on business in Canada and have made all the required provincial and federal government regulatory filings.
- You have provided information about bankruptcies, lawsuits, criminal records, decisions from other regulators or licensing bodies or other employment information for your business, including its partners, directors or officers.
d. After completing the registration application, the other directors, officers, or partner will receive an email to set up their own account on the Licensing Portal for Insurance Agencies.
- They are required to set up an account and complete an application confirming they are a director, officer, or partnership of the corporation including providing your Triton confirmation number.
- They will need to provide their email address and one form of government-issued identification (passport, driver's licence or birth certificate).
e. FSRA will review your application and will send you a message in the Licensing Portal for Insurance Agencies if your business registration is approved or if you need to provide additional information.
- You will receive an email notification if there are unread messages in your Licensing Portal for Insurance Agencies account.
- This process should take 10 business days.
2. Submit your licence application on the Licensing Portal for Insurance Agencies
Once your business registration is approved, you can submit the online application for a new licence. You will be asked to:
- Select which insurance type you are applying for.
- Identify your designated agent and provide a copy of their Ontario licence.
- List the names of all agents who will act on behalf of your business.
- Send a copy of your application to your sponsoring company, and upload their sponsorship approval
- Pay the fee with credit card (VISA, Mastercard) or select debit cards (RBC, TD, First Nations Bank of Canada, most credit unions).
If your business is looking to sell other types of insurance (e.g., life and accident & sickness insurance), you can use the same business account, but you will need to submit an application for each licence type.
What happens after the application is submitted:
A message will be displayed in the Principal Representative's portal account to confirm FSRA has received your application.
Note: out-of-province applications often do require additional reviews so be aware that the process will likely take longer than 10 business days. Please be sure to have the correct registration documents from Ontario's Ministry of Government and Consumer Services.
For most applications
If the application requires additional review