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Submission to BC regarding implementation of the Financial Institutions Amendment Act, 2019 (Bill 37): Consultation Regarding Restricted Insurance Licenses

Release Date: 10/03/2022
Staff Reference: Luke O'Connor

Distribution of insurance through restricted licensing regimes can provide consumers with economical and easily accessible insurance solutions that, due to a variety of reasons (geographic location, affordability, insurability, etc.), consumers may not be able to access on their own.

The industry commends the Government of British Columbia (Government of BC) for taking the next steps to introduce a restricted insurance agent licence in BC through this Consultation regarding Restricted Insurance Licences.