On January 29, 2026, the Office of the Superintendent of Financial Institutions (“OSFI”) released a consultation on a proposed senior leader regime (“Consultation”). The Consultation is focused on potential changes to a range...more
2/11/2026
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As discussed in our January 6, 2026 post, British Columbia has introduced the long‑awaited Restricted Insurance Agent Licence Regulation, which will take effect on January 1, 2027, creating a new licensing framework in the...more
Over the past year, Canada’s federal and provincial governments have accelerated efforts to dismantle interprovincial labour‑mobility barriers. A key focus is enabling certified professionals, such as insurance advisors,...more
1/16/2026
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On December 18, 2025, the Government of British Columbia announced the long-awaited Restricted Insurance Agent Licence Regulation (“Regulation”), which will come into force on January 1, 2027, alongside certain provisions of...more
On December 4, 2025, the Alberta Superintendent of Insurance (the “Superintendent”) announced the release of updated guidelines for captive insurers as well as an updated annual return template. The update clarifies and adds...more
On October 20, 2025, the Financial Services Regulatory Authority of Ontario (“FSRA”) published a substantially revised version of its Rule 2025-001 – Life and Health Managing General Agents (the "Rule”). FSRA stated that many...more
11/10/2025
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On July 3, 2025, Québec’s financial institutions regulator – the Autorité des marchés financiers (“AMF”) – published draft guidelines (“Draft Guidelines”) on the use of artificial intelligence systems (“AI Systems”) by...more
On January 28, 2025, the Financial Services Regulatory Authority of Ontario (“FSRA”) published Proposed Rule 2025-001 (the “Proposed Rule”), which builds on recent amendments to the Insurance Act (the “Act”). Those amendments...more
On December 19, 2024, the Alberta Superintendent of Insurance published a revised version of Bulletin 05-2024 (“Superintendent’s Bulletin”) on the treatment of motor vehicle warranty contracts, dealership loyalty programs and...more
On December 10, 2024, Ontario’s Financial Services Regulatory Authority (“FSRA”) released its review of the role of Managing General Agents (“MGAs”) in Ontario’s property and casualty (“P&C”) insurance market (the “Review”)....more
On December 12, 2024, the Alberta Superintendent of Insurance (the “Superintendent”) issued Interpretation Bulletin 08-2024 (the “Bulletin”) extending the ability of captive insurers to reinsure certain third-party risks. As...more
On November 21, 2024, the Office of the Superintendent of Financial Institutions (“OSFI”) released a regulatory notice on managing culture risk (the “Notice”). The Notice follows industry feedback on OSFI’s February 2023...more
On November 22, 2024, the Ontario Ministry of Finance announced that it is proceeding with a plan announced in Ontario’s 2024 Budget that will give the Financial Services Regulatory Authority (FSRA) the power to initiate a...more