Provincial insurance regulators dropped a bombshell on stakeholders in the private life insurance training industry, when they announced they had cut a backroom deal with Quebec to harmonize all training programs under a single provider, the AMF. The move creates a monopoly and effectively wipes out the private sector training market across Canada.
RegulatorWatch.com conducted an in-depth investigation into the events leading up to the new nationalized program and have found contradictions between what regulators are saying publically and what was discussed privately and revealed in internal documents obtained by RegulatorWatch.com.
Produced By: Brent Stafford
Released on July 4, 2015
Sign Up to Get RegWatch Emails Each Week