Canada – Insurance – Overview

  • Ontario Insurance Act (the “Act”) and its regulations.
  • George Dinney
  • Lawsuits
    • Sun Life / MetLife / Fehr
    • Mosten
  • LLQP
  • MGAs
  • Universal Life Insurance
  • 2008 10 – CCIR – An Approach to Risk-Based Market Conduct Regulation – “The Approach” – Final Report  —  [BonkNote]  —  11p
  • 2014 09 – FSCO / FSRA – Report – Life Insurance Product Suitability Report  —  [BonkNote]  —  52p
  • 2014 – IMF – Canada – Report on the Observance of Standards and Codes – IMF Country Report No. 14/30 – 67p
  • [  ] – 2018 07 – CCIR – Comments – Fair Treatment of Customers Working Group  —  [BonkNote]  —  110p
  • 2021-2022 – CISRO – Principles of Conduct for Intermediaries Working Group – [link]
    • 2022 – CISRO – CISRO Principles of Conduct for Insurance Intermediaries – 3p
    • [  ] – 2021 07 – CISRO – Comments – Principles of Conduct for Intermediaries Working Group – Stakeholder Submissions  —  [BonkNote]  —  68p
  • 2022 04 – CCIR-CSRO – Comments – Incentives Management Guidance (IMG)  —  [BonkNote]  —  83p
  • [ – ] – 2022 – FSRA – Proposed Principles-Based Regulation Approach Guidance – No. GR0014APP —  —  [link]  — 8p
    • [ X] – 2022 – FSRA – [2022-006] – Comments – Principles-Based Regulation  —  [BonkNote]  — [Binder-50p]  —  [link]
      • Date: Comment Due Date: April 29, 2022
  • [ – ] – 2022 – FSRA – Principles of Conduct for Insurance Intermediaries – No. PC0044INT  —  [BonkNote]  —  [link]  —  21p
      • Appendix B: Examples of conduct contrary to the Principles of Conduct
      • The following is a non-exhaustive list of conduct FSRA has observed that would be considered failures in following the Principles of Conduct.
    • [ X ] – 2022 – FSRA – [2022-007] – Comments – Consultation on Proposed Principles of Conduct for Insurance Intermediaries  —  [BonkNote]  —  2xp
  • 2023 1003 – FSRA – Strengthening oversight and accountability of the life insurance sector – [link]
    • As part of FSRA’s enhanced sector supervisory approach, today FSRA is releasing two reports:
      1. 2023 10 – FSRA – Report – Market Conduct: Life and Health Insurance Agents – Life Agent Thematic Examinations: Tiered Recruitment Model MGAs  —  [BonkNote]  —  43p
      2. 2023 10 – FSRA – Report – Observed Practices in the Distribution and Sale of Universal Life Insurance  —  [BonkNote]  —  15p
  • x – 2023 1121 – FSRA – [2023-015] – Comments – Consultation for Proposed Guidance on Life Insurance Agent & MGA Licensing Suitability  —  [BonkNote]
  • [  ]  – 2024 0209 – FSRA – Consultation for Proposed Guidance on Life Insurance Agent & MGA Licensing Suitability – BonkNote Comment  —  [BonkNote]