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Policy trafficking in Ontario ends in $10,000 administrative penalty

Regulator issues compliance order, reduces planned $100,000 penalty after company disputes allegations.

LIFE INSURANCE | July 04 2022 10:46AM
Ontario regulator issues warning about Bermuda-based insurer

FSRA says it has been reported that the insurer is advertising the sale of insurance products in Ontario without a valid…

SOCIETY | June 30 2022 03:48PM
Retired agent fined $8,500 for own insurance lapse and for misleading regulator

Two administrative penalties levied by for failing to maintain business insurance and for providing misleading informati…

LIFE INSURANCE | June 23 2022 04:50PM
Regulator discloses service standards achieved in 2021

Insurance agent licensing applications processing falls below stated targets.

P&C | June 22 2022 04:08PM
Sun Life and Brookfield sell buy-in annuity contracts to Stelco plan

Deal valued at $1.331-billion reached in collaboration with Ontario regulator.

INVESTMENT | June 20 2022 10:52AM
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The Canadian Institute of Financial Planning joins list of credentialing bodies

There are now four credentialing bodies in Ontario who can grant and oversee the titles of Financial Planner and Financi…

INVESTMENT | June 10 2022 09:20AM
Fraud and misrepresentation nets life agent fine and five-year ban

The agent made false and misleading statements and representations in the solicitation or registration of insurance poli…

LIFE INSURANCE | June 07 2022 03:13PM