New class of “product warranty insurance” in Alberta *

Canada - October 10 2012
Changes to the Alberta Insurance Act (the “Act”) went into effect on July 1, 2012.

Co-authors: Laurie LaPalme, Miho Felicio, Richard Da Costa, Brian Reeve, Gordon Goodman.

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Negative Option Billing Regulations to come into force August 1, 2012 *

Canada - April 4 2012
The Negative Option Billing Regulations (“Regulations”) first released in March 2011 in draft form for public consultation were published in final form in the March 14, 2012 issue of the Canada Gazette Part II.

Co-authors: Laurie LaPalme, Miho Felicio, Richard Da Costa, Brian Reeve, Gordon Goodman.

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CCIR releases issues paper: Electronic Commerce in Insurance Products *

Canada - February 15 2012
On February 6, 2012, the Canadian Council of Insurance Regulators (“CCIR”) released a CCIR issues paper entitled Electronic Commerce in Insurance Products (“Issues Paper”).

Co-authors: Laurie LaPalme, Miho Felicio, Richard Da Costa, Brian Reeve, Gordon Goodman.

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CCIR launching consultation process on MGA distribution model *

Canada - March 8 2011
The Agencies Regulation Committee ("ARC") of the Canadian Council of Insurance Regulators ("CCIR") recently released an issues paper entitled "Managing General Agencies Life Insurance Distribution Model" (the "Paper") and an invitation for stakeholder comment on the issues raised in the Paper.

Co-authors: Laurie LaPalme, Richard Da Costa, Brian Reeve, Gordon Goodman.

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OSFI announces major reinsurance regulatory reforms *

Canada - September 12 2010
In 2008, the Office of the Superintendent of Insurance ("OSFI") launched a comprehensive policy review of its regulatory and supervisory approach to reinsurance.

Co-authors: Laurie LaPalme, Brian Reeve, Gordon Goodman.

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