Ontario Approves the Use of Electronic Proof of Auto Insurance [Digital Pink Cards]

Updated:
September 27, 2021

Drivers in Ontario are now be able to provide electronic proof of auto insurance via a mobile device thanks to approval from the Financial Services Regulatory Authority of Ontario (FSRA), which occurred on Sept. 5, 2019.

Can I only use an electronic proof of insurance now?

The “pink card” proof of auto insurance is not being eliminated, allowing drivers to use the version that suits their preference. Additionally, for a one-year transition period, insurers who provide an electronic insurance card option must continue to provide the paper option at no additional cost.

Why did the FSRA approve the use of electronic proof of auto insurance?

The change will help reduce paper waste, as well as allow drivers to pick the insurance proof option that best suits their needs.

What’s next?

The law still requires that proof of auto insurance is located in the vehicle and accessible at all times. Drivers who wish to keep an electronic proof of insurance must be able to provide it when requested despite poor cell service, a damaged screen or a drained battery. In addition, drivers must be sure to follow requirements for showing proof of auto insurance outside of Ontario.

Insurance providers offering the electronic option must make the electronic proof of insurance compatible with phone lock screens to provide security for personal information. On Apple devices, accessing your digital pink slip is simple and is done directly from your lock screen. However, on Android devices, you must "pin" the app where your pink slip is located.

How to lock your screen on Android

At Scrivens, we will continue to provide you with paper pink cards unless otherwise indicated. If you would like your electronic proof of insurance, sign in to your Scrivens Online account and select “Liability Card”.

After completing the request, you will be emailed a PDF version of your pink card and a .pkpass file which can be used with Apple Wallet, Microsoft Wallet, and most Android Digital Wallets. We recommended Pass2U and WalletPasses.

To learn more about the initiative, click here.

FAQs

What is financial advising?

Financial advising involves providing guidance and advice to individuals, families, or businesses to help them make informed decisions about their financial matters. This can include various aspects such as investment planning, retirement planning, tax planning, estate planning, and more. Financial advisors analyze their clients' financial situations, goals, and risk tolerance to create customized strategies that align with their objectives.

Why is financial planning important?

Financial planning is crucial for several reasons:

Goal Achievement: It helps individuals set and achieve financial goals, whether they are short-term, such as buying a home, or long-term, like funding a comfortable retirement.

Risk Management: Financial planning addresses risks by considering insurance, emergency funds, and other protective measures.

Budgeting and Saving: It promotes responsible money management through budgeting and saving, fostering financial stability.

Wealth Building: Effective financial planning can lead to wealth accumulation and the creation of a secure financial future.

Can financial advisors help with debt?

Yes, financial advisors can help with debt management. They can assess your overall financial situation, create a budget, and develop strategies to pay down debt efficiently. They may also negotiate with creditors on your behalf, provide debt consolidation recommendations, and offer guidance on prioritizing and managing debt repayment.

What exactly does a financial advisor do?

The specific responsibilities of a financial advisor can vary, but generally, they:

  1. Conduct a thorough analysis of a client's financial situation, including income, expenses, assets, and liabilities.
  2. Develop personalized financial plans based on the client's goals, risk tolerance, and time horizon.
  3. Provide investment advice and portfolio management services.
  4. Offer guidance on retirement planning, estate planning, tax planning, and insurance.
  5. Monitor and adjust financial plans as needed based on changes in the client's life or market conditions.
  6. Educate clients on financial matters and empower them to make informed decisions.
What is the average fee for a financial advisor?

The fees charged by financial advisors can vary widely based on factors such as the advisor's experience, the services provided, and the region.

Common fee structures include:

Hourly Fees: Advisors charge an hourly rate for their services.
Flat or Fixed Fees: A set fee is charged for specific services or a comprehensive financial plan.
Asset-based Fees: Fees are a percentage of the assets under management (AUM).
Commission-based Fees: Advisors earn commissions on financial products they sell.
Combination of Fees: Advisors may use a combination of the above fee structures.
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It's important to discuss and clarify fee arrangements with a potential financial advisor before engaging in their services.