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Licensing for managing general agencies: the consultation period ends

By Kate McCaffery | Sept. 9, 2024, 10:58 a.m.

Photo: Freepik

Industry stakeholders react to Ontario’s proposals for regulating MGAs.

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Headlines

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IDC WORLDSOURCE INSURANCE NETWORK

Groupe Cloutier brings in insurer as a minority shareholder

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Desjardins’ insurance earnings jump in the first quarter

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CANADIAN LIFE AND HEALTH INSURANCE ASSOCIATION (CLHIA)

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Life and health insurers paid out a record amount in benefits in 2023

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CANADIAN COUNCIL OF INSURANCE REGULATORS (CCIR)

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Coalition asks regulators to allow adjuster reciprocity across the country

Managing general agencies: A closer look at Ontario’s proposed licensing requirements

Ontario ministry proposes managing general agency licensing regime

CANADIAN ASSOCIATION OF INDEPENDENT LIFE BROKERAGE AGENCIES (CAILBA)

Regulators demand more oversight of licensees

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FINANCIAL SERVICES REGULATORY AUTHORITY OF ONTARIO (FSRA)

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Council cancels license without hearing

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Regulation

Alberta rate cap could have could have negative consequences for good drivers

Association warns about issues with proposed agency licensing in Manitoba

Individual advice rules are hampering household planning

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Compliance

Firms “voluntarily” cease unlicensed activities

Regulator revokes healthcare service providers’ licenses

Regulator comes down on the whole industry for Take-All-Comers non-compliance

Regulator imposes $600,000 in administrative penalties