ontario regulation 297/11
made under the
insurance act
Made: June 22, 2011
Filed: June 24, 2011
Published on e-Laws: June 28, 2011
Printed in The Ontario Gazette: July 9, 2011
Amending O. Reg. 347/04
(Agents)
1. Subsection 4 (3) of Ontario Regulation 347/04 is revoked and the following substituted:
(3) An individual shall be granted a licence even if he or she does not meet the qualifications described in clause (1) (d), (e) or (f) if,
(a) the individual is a resident of a province, other than Ontario, or territory of Canada that is a party to the Agreement on Internal Trade as defined in subsection 2 (1) of the Ontario Labour Mobility Act, 2009;
(b) the individual produces a certificate in good standing from the authority that licences or regulates insurance agents in the province or territory in which the individual resides that certifies that the individual is licensed for the class of insurance for which the application is made;
(c) the individual demonstrates knowledge of matters applicable to practising as an insurance agent in Ontario, if this is required by the Superintendent of all applicants under this subsection, and if so required, in the manner required by the Superintendent, which shall not include material additional training, experience, examinations or assessments; and
(d) the individual complies with any requirements for insurance agents that are listed on the website of the Ministry of Training, Colleges and Universities or other website specified in a regulation made under the Ontario Labour Mobility Act, 2009 pursuant to subsection 9 (3) of that Act.
(4) Despite subsection (3), if an individual’s certificate referred to in clause (3) (b) is subject to a condition, the Superintendent may,
(a) impose an equivalent condition on the agent’s licence issued to the individual; or
(b) refuse to issue an agent’s licence to the individual, if the Superintendent cannot impose an equivalent condition on the agent’s licence.
(5) An individual may be granted a licence even if he or she does not meet the qualifications described in clause (1) (d), (e) or (f) if,
(a) the individual is a resident of a state of the United States;
(b) the individual produces a certificate in good standing from the authority that licences or regulates insurance agents in the state in which the individual resides that certifies that the individual is licensed for the class of insurance for which the application is made; and
(c) the individual demonstrates knowledge of matters applicable to practising as an insurance agent in Ontario, if required by the Superintendent, and if so required, in the manner required by the Superintendent.
2. The Regulation is amended by adding the following section:
Change in agent’s contact information
5.1 An agent licensed under this Regulation shall, if the agent’s mailing address, e-mail address, telephone number or fax number changes, provide the Superintendent with the new address or number within five days after the change is effective.
Commencement
3. This Regulation comes into force on the later of July 1, 2011 and the day this Regulation is filed.