Insurance agent qualification deal with Quebec regulator will kill jobs, increase costs


A deal seen as appeasing Quebec by handing its financial regulator a key contract to license and educate life insurance agents across the country could jeopardize Ontario private-sector jobs and drive up costs for participants, businesses say.

Starting in January 2016, the current system of licensing life insurance agents in Quebec will be merged with the regime governing the process in the rest of Canada, according to the Canadian Insurance Services Regulatory Organizations (CISRO).

Read full article here.

Armina Ligaya – Financial Post – March 27, 2014.

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