Financial Services Commission of Ontario offers two new bulletins on auto insurance

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TORONTO, Jan. 24, 2005 – The Financial Services Commission of Ontario, which regulates insurance in that province, recently introduced two new consumer bulletins on auto insurance.

The first, titled “Shop and Save on Auto Insurance,” discusses the different distribution methods for auto insurance, as well as offers tips on premium savings, such as raising deductibles and not switching insurance companies before the policy’s renewal date.

The second, “Tips for identifying auto insurance scams,” includes information on how to spot fraudulent paralegals and tow-truck drivers, and provides contact information in the case of suspected insurance fraud.

Both pamphlets can be found on the FSCO Web site, at http://www.fsco.gov.on.ca. Click on “What’s New” for the links to each of them.

About Financial Services Commission of Ontario (FSCO)

As an integrated regulator, FSCO merges Ontario’s regulatory activities governing pensions, insurance, trust companies, credit unions, caisses populaires, co-operatives and mortgage brokers into one body. FSCO’s mandate is to enhance consumer confidence and public trust in the regulated sectors; and also to make recommendations to the Minister on matters affecting the regulated sectors. For more information, visit http://www.fsco.gov.on.ca.