We are lawyers for insurance agents & brokers who are navigating regulatory issues at the Financial Services Regulatory Authority of Ontario (“FSRA”) and the Registered Insurance Brokers of Ontario (“RIBO”).
How We Assist Insurance Agents & Brokers
Our team of defence lawyers will assist insurance agents & brokers on various regulatory issues, including the following:
- Advising insurance agents & brokers on compliance with relevant legislation and standards, including:
- the Financial Services Regulatory Authority of Ontario Act, 2016 and its regulations;
- the Insurance Act and its regulations; and
- the Registered Insurance Brokers Act (“RIB Act”) and its regulations, as well as the RIBO’s Code of Conduct and By-Laws.
- Drafting responses to client complaints at the RIBO, which are reviewed by the Complaints Committee of the Council of the RIBO;
- Defending insurance brokers at formal discipline hearings before the Discipline Committee of the Council of the RIBO;
- Assisting insurance brokers with RIBO registration applications and advocating at hearings before the RIBO’s Qualification and Registration Committee;
- Representing insurance brokers in RIBO appeals before the Divisional Court;
- Advising insurance agents and brokers on various practice issues, such as performance standards and employment/contract issues; and
- Advising insurance agents and brokers on any new regulatory requirements that may come into force under the FSRA or any other new legislation.