FSRA Launches New Approach for Innovative Auto Insurance Products – Subscriptions with Open Consultation

TORONTO, JANUARY 14, 2020 - On January 14, 2020, FSRA introduced the new approach for Innovative Auto Insurance Products - Subscriptions (IAIP-S) for subscription-based auto insurance products. This approach is being rolled-out on a “test and learn” basis. This means, while this approach is active stakeholders will have the opportunity to submit feedback that could influence and shape a future version. 

The approach is open for consultation until March 31, 2020.

FSRA will be accepting applications under IAIP-S beginning January 14, 2020. 

Learn more at: Approach No. AU0130APP: Innovative Auto Insurance Products-Subscriptions (“IAIP-S”).

If you have any questions or need more information, contact us at [email protected].

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.