The Financial Services Regulatory Authority of Ontario has extended the deadline for stakeholders to submit feedback on its proposed rule for life and health insurance managing general agents (L&H MGAs), with the consultation now closing on 30 April 2025. The proposal (Proposed Rule 2025-001) is intended to strengthen oversight of L&H MGAs and improve consumer protection, building on recent amendments to the Insurance Act that created a separate licensing class for L&H MGAs in Ontario.
Financial Services Regulatory Authority of Ontario 2025-03-28
Financial Services Regulatory Authority of Ontario extends consultation deadline for proposed life and health insurance managing general agents rule to 30 April 2025
The Financial Services Regulatory Authority of Ontario has extended the consultation deadline for feedback on Proposed Rule 2025-001, aimed at enhancing oversight of life and health insurance managing general agents (L&H MGAs). The proposal seeks to improve consumer protection following recent amendments to the Insurance Act that established a separate licensing class for L&H MGAs in Ontario.