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OSFI's new life insurance regulatory framework: themes and key elements
- Stikeman Elliott LLP
- -
- Canada
- -
- October 12 2012
In early September, the Office of the Superintendent of Financial Institutions (Canada), Canada's prudential regulator of domestic life insurance companies and foreign life insurance company branches, released its first-ever Life Insurance Regulatory Framework paper
OSFI releases draft revised corporate governance guideline
- Stikeman Elliott LLP
- -
- Canada
- -
- August 14 2012
On August 7, 2012, Canada's federal financial institutions regulator, the Office of the Superintendent of Financial Institutions (OSFI), released for comment a draft of its long-awaited revised Corporate Governance Guideline (the Revised Guideline
AMF releases consultation paper considering online insurance offerings in Quebec
- Stikeman Elliott LLP
- -
- Canada
- -
- April 26 2012
In late February, the Québec insurance industry regulator, the Autorité des marches financiers (AMF), released a consultation paper concerning the online distribution of insurance products in Quebec
CCIR releases issues paper on electronic commerce
- Stikeman Elliott LLP
- -
- Canada
- -
- February 27 2012
On February 6, the Electronic Commerce Committee (ECC) of the Canadian Council of Insurance Regulators (CCIR) released an issues paper relating to the sale of insurance products in the modern age of electronic commerce
Department of finance initiates consultations on strengthening AMLATF regime
- Stikeman Elliott LLP
- -
- Canada
- -
- February 7 2012
Late last year, the Department of Finance released a consultation paper seeking views on measures to further strengthen the Canadian anti-money laundering (AML) and anti-terrorist financing (ATF) regime
Alberta Court of Appeal considers whether extended warranties are insurance products
- Stikeman Elliott LLP
- -
- Canada
- -
- September 1 2011
On July 21, the Alberta Court of Appeal released its decision in Brick Protection Corporation v. Alberta (Provincial Treasurer), in which it upheld a lower court's decision that a company selling extended warranties on appliances and furniture was not carrying on the business of insurance in Alberta at the relevant time
CCIR paper considers issues and risks regarding use of credit-based insurance scores
- Stikeman Elliott LLP
- -
- Canada
- -
- July 28 2011
Last month, the Credit Scoring Working Group of the Canadian Council of Insurance Regulators released a paper intended to seek the views of consumers and the industry regarding insurers' use of credit-based insurance scores
U.S. Foreign Account Tax Compliance Act (FATCA): potential compliance issues for Canadian life insurers and latest updates on implementation process
- Stikeman Elliott LLP
- -
- Canada, USA
- -
- May 30 2011
FATCA describes certain provisions of the United States Hiring Incentives to Restore Employment (HIRE) Act, which was signed into law by President Obama in March 2010
Federal government announces proposed negative option billing regulations
- Stikeman Elliott LLP
- -
- Canada
- -
- March 18 2011
On March 8, the Canadian Department of Finance announced proposed Regulations prohibiting most negative option billing practices in the financial services sector
OSFI releases updated supervisory framework
- Stikeman Elliott LLP
- -
- Canada
- -
- March 4 2011
On February 24, 2011, the Office of the Superintendent of Financial Institutions (Canada) (OSFI), the Canadian federal prudential insurance regulator, released an updated version of its "Supervisory Framework" (Framework), which contains the principles, concepts and core processes used by OSFI to guide its supervision of federally-regulated financial institutions (FRIs) (including deposit-taking institutions and life and property and casualty insurance companies incorporated in Canada or licensed to carry on business in Canada
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- Firm Name - Stikeman Elliott LLP
- Author - Stuart S. Carruthers
- Workarea - Insurance & Reinsurance
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