Corporations and partnerships with an active insurance licence in Ontario can transfer their sponsorship to a new insurer.
The following instructions apply to corporations or partnerships that sell accident & sickness (A&S) insurance or general insurance (i.e., property and casualty insurance, including auto insurance).
You will need to contact both your current sponsor and your new sponsor to coordinate this process.
How sponsoring insurers process a transfer
- Your current insurer will initiate the process by sending a termination letter to firstname.lastname@example.org. This will end your connection to the old company.
- Your new sponsoring insurer will need to send an email to email@example.com and request that your licence be reinstated with them.
There is no fee to transfer between two sponsoring insurers.
Our licence is inactive. Can we transfer to a new sponsor?
You can only transfer to a new sponsor if your licence expiry date has not passed. In order to reinstate an expired licence for your corporation or partnership and move to a new sponsor:
If your business held an A&S licence
If your business held a general licence