Pursuant to Section 102 of the Insurance Act (Ontario), all Ontario insurers are required to file annual returns for the year ended on October 31, 2019 or December 31, 2019, with the Chief Executive Officer of Financial Services, or his or her designate.  Section 447 of the Insurance Act provides penalties for those insurers who do not comply with the filing requirements.

Detailed information is available on the Annual Returns and Instructions page of the Financial Services Regulatory Authority of Ontario website at www.fsrao.ca.  You will find updates regarding:

  • 2019 Annual Return Instructions
  • Memorandum regarding the 2019 Report of the Actuary
  • Filing Information for Insurers Licensed in Ontario
  • Avoiding over-assessment for companies with insurance subsidiaries

Required forms are also available for download:

  • Premium Information used for Cost Assessment in Ontario
  • Consent and Notification pursuant to the Freedom of Information and Protection of Privacy Act

Helpful resources on updated forms and instructions are also available on The Office of Superintendent of Financial Institution’s web-site.

The Filing Information for Insurers Licensed in Ontario details the forms and reports required by Ontario. We request that the 2019 annual returns be delivered in an electronic copy format (pdf, excel, ASCII file) as applicable versus a paper format as part of our process improvement measures. Please note the insurer number on each document filed.  Where Auditors’ Reports are referenced, we require both the Auditors’ Report addressed to the primary regulator and the Auditors’ Report to the shareholders/policyholders together with the audited financial statements.

If the company intends to change its licence status (i.e. discontinuing, withdrawing or merging) the Licensing Approvals Unit should be contacted at LicensingApprovals@fsrao.ca, and if appropriate, adjustments will be made to the 2019 Preliminary Assessment.

All Section 102 filings should be filed with FSRA by February 28, 2020. Please forward your electronic documents to ccoupdates@fsrao.ca.

If you have any issues or concerns, please do not hesitate to contact me at (416) 226-7959 or  Antonella.Cefaratti@fsrao.ca.