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Results: 1-10 of 17

Manitoba Insurance Act 2015 amendments
  • Cassels Brock & Blackwell LLP
  • Canada
  • January 12 2015

Heading into the new year, the need to streamline and harmonize insurance regulation across Canada continues to be an industry priority. In this


CCIR launching consultation process on MGA distribution model
  • Cassels Brock & Blackwell LLP
  • 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


Minister of Finance seeking consultation on demutualization of property and casualty mutual insurers
  • Cassels Brock & Blackwell LLP
  • Canada
  • July 19 2011

On June 30, 2011, the Honourable Jim Flaherty, Minister of Finance, launched public consultations to develop a framework to allow federally-regulated property and casualty (“P&C”) mutual insurance companies to convert to share companies (“Demutualization”


New class of “product warranty insurance” in Alberta
  • Cassels Brock & Blackwell LLP
  • Canada
  • October 10 2012

Changes to the Alberta Insurance Act (the “Act”) went into effect on July 1, 2012


CCIR releases issues paper: Electronic Commerce in Insurance Products
  • Cassels Brock & Blackwell LLP
  • 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”


Negative Option Billing Regulations to come into force August 1, 2012
  • Cassels Brock & Blackwell LLP
  • 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


75 and 25 ceding limits lifted as of June 30, 2011
  • Cassels Brock & Blackwell LLP
  • Canada
  • February 18 2011

On February 3, 2011, His Excellency The Governor General in Council, on the recommendation of the Minister of Finance, made the Regulations Repealing the Reinsurance (Canadian Companies) Regulations and the Reinsurance (Foreign Companies) Regulations (the "Regulations"), which Regulations come into force on June 30, 2011


FSCO plans compliance audits and market conduct reviews of insurers and agents
  • Cassels Brock & Blackwell LLP
  • Canada
  • May 6 2011

Every June 30, the Financial Services Commission of Ontario ("FSCO") releases its Statement of Priorities & Strategic Directions ("Statement"), which sets out its proposed priorities for the fiscal year in connection with the administration of all Acts that confer powers on or assign duties to it or the Superintendent


OSFI guideline establishes internal level of capital floor for federally-regulated insurers
  • Cassels Brock & Blackwell LLP
  • Canada
  • July 5 2011

On June 17, 2011, the Office of the Superintendent of Financial Institutions (“OSFI”) released Guideline A-4 Internal Target Capital Ratio for Insurance Companies (“Guideline A4”


Manitoba proposing to implement restricted insurance agent licensing
  • Cassels Brock & Blackwell LLP
  • Canada
  • July 5 2011

In May 2011, the Insurance Council of Manitoba (“ICM”) issued a Proposed Regulatory Framework (“Framework”) on the regulation of the incidental sale of insurance (“ISI”