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Keyword: Managing General Agencies

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Dominos falling

Draft guidance forms part of larger effort to improve industry conduct

Entrance to Financial Services Regulatory Authority of Ontario

New guidance will target responsibilities of insurers, MGAs, and identify suitability requirements for life agents

  • By: Huston Loke
  • November 14, 2023 November 14, 2023
  • 15:00
Court.

FSRA brought similar allegations against the agent earlier this year

magnifying glass

Almost half of high-risk agent reviews found best-practice failures

Queen's Park, Ontario legislature, exterior

Supervision framework “largely based on delegation to upline agents,” regulator alleged

announcement

Protecting independence of advisors was "foremost" in the decision, BridgeForce co-presidents said

  • By: IE Staff
  • February 2, 2023 February 2, 2023
  • 13:21
Entrance to Financial Services Regulatory Authority of Ontario

FSRA also reiterated that it wants clients to be protected from seg fund deferred sales charges, regardless of when the funds were purchased

Financial Services Regulatory Authority of Ontario logo

Greatway must also send its universal life policyholders information to assist them in assessing the policy's appropriateness

Queen's Park, Ontario legislature, exterior

At an annual Advocis event, FSRA raised concern about sales incentives being misaligned with customer needs

Judge's gavel with magnifying glass on black.

The regulator alleged a firm's training instructs life agents to mislead consumers, which the firm refutes

  • By: IE Staff
  • October 25, 2022 October 25, 2022
  • 11:32