TD Insurance fined over $3 million
The Financial Services Commission of Ontario’s Superintendent of Financial Institutions slapped the four insurance subsidiaries of TD Bank with whopping fines totalling $3.2 million
The offence: charging automobile insurance rates other than those authorized by the Ontario government. In Ontario, auto insurers must comply with a strict pricing framework. They cannot change their rates at wi...
by Hubert Roy July 19, 2019, 11:30 a.m.