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Established in 2016, FSRA officially succeeded its predecessor agencies – the Financial Services Commission of Ontario and the Deposit Insurance Corporation of Ontario – on June 8, 2019. [1] The Financial Services Regulatory Authority of Ontario operates at arms-length from the Government of Ontario , and reports to the Legislative Assembly ...
All private companies registered to sell auto insurance in Ontario, are required to use the OAP for their private car insurance policy. The OAP is the legal contract that connects an Ontario driver with every Ontario based insurance company. Insurance coverage is divided up between several different portions of the policy.
Insurance regulatory law is the body of statutory law, administrative regulations and jurisprudence that governs and regulates the insurance industry and those engaged in the business of insurance. Insurance regulatory law is primarily enforced through regulations, rules and directives by state insurance departments as authorized and directed ...
The Fault Rules say which driver was responsible for an accident. Accidents are either 0%, 25%, 50%, 75%, or 100% at fault. If the driver is from Ontario, the portion not at fault percentage is covered under Ontario's mandatory to buy Direct Compensation insurance, and the at fault portion is covered under the optional to buy Collision insurance.
The Insurance Bureau of Canada (IBC; French: Bureau d'assurance du Canada) is a trade association representing home, auto, and business insurance companies in Canada. Established in 1964, it promotes and lobbies for the insurance industry to governments and the general public.
NRM may refer to: National Railway Museum (disambiguation) National Railway Museum, located in York, England; National Record Mart, former American stores; National Resistance Movement, a political organisation in Uganda; Natural remanent magnetization of a rock or sediment; Natural resource management; New religious movement, or new religion
The Office of the Superintendent of Financial Institutions (OSFI; French: Bureau du surintendant des institutions financières, BSIF) is an independent agency of the Government of Canada reporting to the Minister of Finance created "to contribute to public confidence in the Canadian financial system". [1]
The Office of the Fairness Commissioner (French: Bureau du commissaire à l’équité) is an arm's length Crown agency of the Government of Ontario that is responsible for ensuring that Ontarians with professional credentials from foreign countries can have fair access to regulated professions and trades in Ontario. [1] [third-party source needed]