Industry stakeholders react to Ontario’s proposals for regulating MGAs.
BC Financial Services Authority also levies financial penalties.
Those suspended may still provide care to accident victims but cannot bill insurers directly.
FSRA enforcement responses going forward will include education, remediation, monetary penalties, and licence revocation
Aviva Group companies singled out in report about industry-wide non-compliance with Take-All-Comers requirements in the
Red Cloud Securities also ordered to disgorge more than $611,306 in commissions.
Report looks at more than 70 industry examples of technology solutions in operation.