FSCO – Insurance Agents and Adjusters from other Provinces Getting Licenced in Ontario

July 1, 2011 – Effective July 1, 2011, changes to the Agreement on Internal Trade (AIT)
and the Ontario Labour Mobility Act, 2009 make it easier for an individual who is licensed outside Ontario to apply for and receive a licence in Ontario for the same occupation.

The AIT is an intergovernmental agreement signed by Canada’s Premiers and came into force in 1995.

Under the new rules, an individual holding a licence in good standing that is equivalent to Ontario’s insurance agent or adjuster licence or mortgage broker or mortgage agent licence may be exempted from Ontario’s education and experience requirements.

For more information:

About FSCO

FSCO is an agency of the Ontario Ministry of Finance, and regulates insurance, pensions, credit unions, caisses populaires, co-operatives, mortgage brokers, and loan and trust companies. For more information visit, www.fsco.gov.on.ca.