Canadian Underwriter

Topic Licensing

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News ClaimsClaims Canada ArchiveClaims TechnologyInsurersLegalLicensingLoss ControlOntario

Regulator revokes healthcare provider licence for insurance fraud 

January 29, 2024 by Jason Contant

Ontario’s financial services regulator has revoked the healthcare service provider licence of a Markham clinic and imposed administrative penalties against the clinic and two individuals in connection with fraudulent billing practices.  The Financial Services Regulatory Authority of Ontario (FSRA) revoked

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News AlbertaBrokersInsurersLegalLicensingPersonal Auto

Car dealership fined for not sending premiums for warranties to insurer

January 2, 2024 by David Gambrill

An Alberta car dealership selling equipment warranties but not submitting the premiums to the insurer has been fined $85,000 by the province’s insurance regulator. Alberta Insurance Council [AIC] noted in its November 2023 decision that Penhold Car Farmers sold 17

Tow Truck Driver Hauling a Wrecked Car
News ClaimsClaims ProfessionalsInsurersLegalLicensingOntarioPersonal Auto

Ontario to take over licensing and oversight of tow truck industry

December 12, 2023 by David Gambrill

Ontario is taking tow truck services out of the hands of municipalities and requiring tow truck operators to be certified and adhere to a Code of Conduct. “This marks the end of municipal regulation of towing and storage operators, with

Moving office sign. Clipart image isolated on blue background.
News B.C.BrokersCatastrophesClaimsCommercialLicensingProperty

Floods, wildfires: How an incorrect address cost a broker his job

December 6, 2023 by David Gambrill

Insurance Council of British Columbia has fined a former broker $1,500 for failing to notify his commercial client that the company’s address change — which located the business in a floodplain — triggered a lack of coverage during a subsequent

Business people shaking hands in the office. Photo of one cheerful businessman and one happy businesswoman handshaking in the board room. The view is through glass.
News HRLicensingOntarioOperations

Make sure your talent recruiter is licensed — or else!

October 25, 2023 by David Gambrill

If your Ontario P&C business is using a recruiter or temporary staffing organization to find talent, make sure they’re licensed as of Jan. 1, 2024. Otherwise, you may be subject to a hefty fine in the New Year. As of

New rules coming for insurance industry intermediaries
News BrokersEmerging RisksInsurersLegalLiabilityLicensingOntarioOperationsPersonal AutoTechnology

Is FSRA planning to license aggregators?

October 6, 2023 by Philip Porado

Ontario’s insurance regulator has confirmed it is considering whether or not aggregators need to be licensed. Since August, when Ontario’s financial services regulator issued a report outlining concerns about auto insurers’ compliance with take-all-comers requirements, Canada’s P&C insurance industry has

Occupational therapist checks arm alignment on a female patient
News ClaimsClaims Canada ArchiveInsurersLicensingOntario

Regulator suspends, revokes licences of 170 health service providers

September 12, 2023 by Jason Contant

Ontario’s financial services regulator has suspended or revoked the licences of 170 health service providers (HSPs) who failed to comply with their annual business reporting obligations. A total of 118 HSP licences were revoked and 52 were suspended, the Financial

Businessman Signing Contract In The Office
News AlbertaBrokersLicensing

Rollover communication error lands BrokerLink in hot water

August 28, 2023 by David Gambrill

BrokerLink in Alberta got some unwanted regulatory attention after failing to inform a client about a rollover agreement the brokerage had made with a new insurer on behalf of a farm insurance client. As is common in P&C insurance, when

Getting the word out
News Emerging RisksInsurersLegalLicensingOntarioOperations

Regulator seeks feedback on public warning notices

August 14, 2023 by Jason Contant

Ontario’s financial services regulator is consulting on proposed guidance for how and when it issues public warning notices.  The guidance applies to all sectors (except pensions) regulated by the Financial Services Regulatory Authority of Ontario (FSRA), which includes property and

Magnifying glass representing scrutiny.
News InsurersLegalLicensingOntarioOperationsPersonal Auto

What FSRA found when it examined take-all-comers compliance

August 4, 2023 by Philip Porado

Ontario’s auto insurance regulator has used the phrase “systemic non-compliance” to describe how the province’s 12 largest auto insurance companies are approaching Ontario’s take-all-comers requirement. According to a Financial Services Regulatory Authority of Ontario (FSRA) report, released Friday, market behaviour

Hand holding business card
News B.C.BrokersLicensingManitoba

Broker fined for not disclosing disciplinary history

July 25, 2023 by David Gambrill

A Manitoba broker has been fined $500 and ordered to pay investigation costs of $2,000 for failing to disclose to the province’s broker regulator that he had previously been the subject of a disciplinary investigation by B.C.’s broker regulator. “The

Writing the exam
News BrokersCommercialLicensingMGAs

Broker regulator outlines approach to MGA licensing

June 12, 2023 by Jason Contant

Ontario’s broker self-regulatory body is looking at its licensing exams with a stronger focus on commercial lines and MGAs, Registered Insurance Brokers of Ontario (RIBO) CEO Patrick Ballantyne said last week during an industry event.  “Those exams are currently under