Fees made under the Insurance Act, section 121(1):
| 1) License a new insurance company where Ontario is the primary regulator (ie for a provincially incorporated company) - section 40(1) |
$4,000 |
| 2) Application for a section 110 receipt |
$200 |
| 3) Annual examination fee for Ontario incorporated life insurance companies. - section 443 |
$5,000 per company plus balance of OSFI’s cost, pro-rated on gross premium revenue of the companies |
| 4) Change of Name for Agents’ Licence - section 393 |
$25 |
5) Agent and adjuster licensing fees:
a) Agents (all) - section 393(3), (6), (11)
b) Agent companies - section 400
c) Agent partnerships - section 399(1)
d) Adjusters - section 397(1)
e) An Adjuster that is a proprietor, partnership, or a corporation - sections 399(1), 400(1) |
$150 per 2-year licence
$400 per 2-year licence
$200 per 2-year licence
$75 per 1-year licence
$200 per 1-year licence |
| 6) Transfers - section 422 |
$50 per transfer |
| 7) Application for arbitration - section 282(1) |
$100 per arbitration application |
| 8) Appeal of an order of an arbitrator, for Notice of Appeal - section 283 |
$250 per appeal application |
| 9) Duplicate licence for Agents - section 393(1) |
$25 per copy |
| 10) Certificates of Authority (other Provinces) |
$25 per certificate |
| 11) Certificate or Superintendent’s letter attesting to the Status of a Licence |
$25 per certificate or letter |
| 12) Certificate issued by the Superintendent under section 25(2) of the Act |
$25 per certificate |
| 13) Application to vary or revoke an order - section 284 |
$250 per application |
Fees Made under the Financial Services Commission of Ontario Act, 1997, subsection 27(1)