FSRA releases its Decision Guidance for Acquisitions Warranting Relief from Lowest Available Rate Requirement
The Financial Services Regulatory Authority of Ontario (FSRA) is committed to transparent supervision that strengthens consumer protections related to auto insurance.
Today, FSRA is releasing Decision Guidance, Acquisitions Warranting Relief from Lowest Available Rate Requirement.
The guidance details FSRA’s decision regarding how specific requirements under the Insurance Act apply during an insurance company’s acquisition period.
Decision Guidance sets out FSRA’s reasons for regulatory decisions. It is FSRA’s final decision on a specific matter involving a regulated entity.
FSRA continues to work on behalf of stakeholders, including consumers, to ensure financial safety, fairness, and choice for everyone.
Learn more at www.fsrao.ca.