Provincial regulator levies fines in the millions for premium over-charges since 2010.
The disclosure framework will come into force in less than a year.
The guidance requires robust controls on chargeback commissions.
Insurance regulators largely silent on Supreme Court decision’s implications.
Associations call for regime allowing adjuster licenses to be recognised nationally.
Industry stakeholders react to Ontario’s proposals for regulating MGAs.
Province’s Insurance Act currently mute on the topic of MGAs and their role in distribution.