Proposal builds on amendments for separate licensing, introduces requirements for life agents
OSC asked to review OM exemption, beneficial ownership registry being examined
New regime aims to enhance consumer protection, set industry standards
A monitor must review the selling practices of the MGAs that recruit and supervise agents selling ivari’s products
Regulator follows CISRO, FSRA with tougher exam administration policy
Regulator suspends firm and agents amid alleged misconduct
Draft guidance forms part of larger effort to improve industry conduct
New guidance will target responsibilities of insurers, MGAs, and identify suitability requirements for life agents
FSRA brought similar allegations against the agent earlier this year
Almost half of high-risk agent reviews found best-practice failures