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Mixed Messages From OMVIC On Extended Warranties

You will have seen some confusing messaging from OMVIC lately on Extended Warranties.

https://tinyurl.com/mu6m3xxn and https://tinyurl.com/mw6h2cfk This is caused by a problem of their own creation in 2022 when

OMVIC decided to stop listing, for the benefit of dealers and consumers,

warranty companies that had satisfied OMVIC as to their insured status. We have been trying to get them to reverse this decision ever since, without success, as usual.

They seem to expect dealers to do this themselves, while at the same time warning dealers they can be prosecuted if they sell an uninsured or unsecured warranty to a consumer. We have told OMVIC dealers do not have the time, resources or expertise to do this effectively, and put themselves and their customers at risk without support from the regulator.

OMVIC is more concerned with their own liability than they are about protecting consumers or, goodness forbid, helping dealers.

For our members, the UCDA maintains such a list, which we try to update every couple of years, but the last one OMVIC had that we have been able to locate is from May 28, 2022 and is reproduced below.

Secured – Insured Third Party Warranty Companies

The UCDA’s list can be found here, we last updated it in April of 2025, and plan to do it again next year:

https://www.ucda.org/dealer-faqs/extended-warranties/

OMVIC’s List

As of May 28, 2022.

Note: Be aware this list is now 3 years old and it’s possible companies listed here may no longer be insured so, as OMVIC says, “OMVIC does not represent that this list remains accurate.”

Assurant Services Canada, Inc. AutoShield Canada Inc.

Avanta Dealer Services Corp. Canada General Warranty Inc.

Central Administrative Service Corporation, Inc. CornerStone United Ltd. (XtraRide, AutoXtra, Xtended) CoverageOne

DISCC Enterprises Ltd

First Canadian Protection Plans/Millennium Insurance Corporation Global Warranty

GVC Premium Warranty Company / Guarantee VC INDS CANADA Corp.

Integrated Warranty Systems Inc. LGM Financial Services Inc Lubrico Warranty

Nationwide Auto Warranty Corporation People’s Choice Warranty

Premier Dealer Services, Inc./uSelect Specialty Administrative Services, LLC Sym-Tech i-Select Plus Coverage

Tricare/Tricor Automotive Trinity Automotive Group Inc.

Veritas Global Protection Services, Inc

Note: Changes may occur to this list so dealers should confirm the status of their extended warranty providers directly and regularly.

Letter of Credit Secured Warranty Companies

While we recommend dealers use insured warranty products, warranty companies secured by letters of credit are also legal to sell in Ontario. OMVIC’s list of warranty companies secured by a letter of credit is more up to date and can be found here:

https://tinyurl.com/24zz9sd8

For more information on any of this, please contact OMVIC.

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