April 2, 2012
The Financial Services Commission of Ontario (FSCO) is warning consumers that American Insurance is not licensed to do insurance business in Ontario.
This company is not affiliated or associated with The American Road Insurance Company or The Great American Insurance Company, two insurance companies that are licensed by FSCO.
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 and agents.
An Ontario insurance agent or broker can provide information and advice on the risks involved with purchasing different insurance products.