Article
Ontario Reopens Consultation On Life And Health MGA Licensing Framework
Ontario's Ministry of Finance has released a consultation paper proposing significant changes to the licensing framework for managing general agents (MGAs) in the life and health insurance sector. The proposed amendments narrow the definition of MGAs, eliminate the sub-MGA concept, and establish new regulatory standards for activities like recruiting and training agents. What will these changes mean for insurance intermediaries and the broader distribution landscape in Ontario?
Gowling WLG