Capital Insurance Company is not licensed to do business in Ontario

August 26, 2011

The Financial Services Commission of Ontario (FSCO) is warning consumers that Capital Insurance Company is not licensed to do business in Ontario.
 
If consumers purchase insurance from insurers that are not licensed in the province, they are not protected under the Insurance Act and the regulations that govern Ontario’s licensed insurance companies.
 
FSCO’s website contains a list of all insurance companies and agents licensed to do business in Ontario, as well as tips on avoiding auto insurance sales scams.
 
An Ontario insurance broker can provide information and advice on the risks involved with purchasing different insurance products. The Registered Insurance Brokers of Ontario (RIBO)’s website [New Window] contains a list of all brokers licensed to do business in Ontario.