FSCO Submission

LISAC-FSCO Subm cvr2

LISAC has prepared a submission to the Ontario Ministry of Finance’s “Expert Advisory Panel” regarding the Panel’s review of the mandate of the Financial Services Commission of Ontario (FSCO), the agency responsible for the Ontario Insurance Act.

LISAC’s submission advocates on behalf of Ontario seniors and the need for a well-regulated life settlement industry. It addresses the inefficacy and inaction of FSCO over the past 15 years in not fulfilling its mandate to promulgate the repeal of Section 115 of the Ontario Insurance Act.