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ARTICLE · 17 JULY 2026

Ontario Reopens Consultation On Life And Health MGA Licensing Framework

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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?

CanadaInsurance
Melissa Prado
Melissa Prado
Jill McCutcheon
Jill McCutcheon
Kelly Morris
Kelly Morris
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On July 3, the Ontario Ministry of Finance (MOF) published a new consultation paper with respect to the licensing of managing general agents (MGA). The consultation closes on August 17, 2026.

Background

In 2024, Ontario proposed amendments to the Insurance Act to establish a dedicated licensing framework for life and health MGAs and to grant the Financial Services Regulatory Authority of Ontario (FSRA) associated rulemaking authority over MGAs. To accompany the legislative changes, FSRA then developed a proposed rule establishing standards of practice for recruiting, training, supervising and monitoring prospective agents, including assigned roles and responsibilities to insurers, L&H MGAs and agents.

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