Corporate Agencies or Partnerships - Licence renewal deadline extended by 60 days
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.
If you are a corporate agency or partnership:
- whose licence expired since March 15
- or whose licence will expire at any time up to June 30, 2020
FSRA has extended the deadline to renew your licence by 60 days after your licence expires. The extension is retroactive to March 15.
This is to provide you with the flexibility you need during this difficult time.
If you have any questions or need more information, contact us at [email protected].
What this means for you
Corporate agencies or partnerships whose licences expired since March 15, 2020 or will expire at any time up to June 30, 2020 can continue to conduct insurance business for up to 60 days after their licence expires. You may apply for renewal at any time during the extension period.
Submit Your Application by Email
We understand that submitting a paper-based application is difficult when working in a remote setting. In the interim, we will be accepting applications via email to [email protected]. Please fill out the PDF-fillable application form found on our website.
You must include a completed credit card authorization form when submitting applications by email. Please do not provide your entire credit card number. A FSRA representative will contact you to process the transaction.
Complete the Notice of Sponsorship
We ask all insurance company sponsors to email the completed sponsorship form to [email protected]. Please ensure the email is sent to FSRA by one of the company’s Authorized Officers.
We will accept electronic signatures on renewal applications, credit card authorization forms and sponsorship forms, however a FSRA representative may reach out to confirm the signature.
Errors & Omissions Insurance
Errors & Omissions (E&O) insurance is essential for protecting you and the consumer. It is important that you maintain E&O insurance throughout the licensing period.
To ensure your clients, the insurers you work with and the public have comfort that you remain licensed, we’ve updated the public registry to clarify your licensing status.
Effective June 8, 2019, FSRA assumed regulatory duties of the Financial Services Commission of Ontario and the Deposit Insurance Corporation of Ontario. Learn more about FSRA and its approach to achieving safety, fairness and choice in non-securities financial services at www.fsrao.ca.