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Canada Insurance Law Review Blog

Articles: 31-40 of 41

CISRO publishes practices to assist insurance intermediaries with cybersecurity readiness

Canada - September 28 2023 On September 13, 2023, the Canadian Insurance Services Regulatory Organizations (CISRO) released a publication on Cybersecurity Readiness…

Alberta insurance regulators adopt the incentive management guideline from the Canadian council of insurance regulators and Canadian insurance services regulatory organizations

Canada - August 14 2023 On July 11, 2023, the Alberta Superintendent of Insurance (the Alberta Superintendent) and the Alberta Insurance Council (the AIC and together with…

Office of the Superintendent of Financial Institution’s oversight strengthened by Bill C-47

Canada - July 27 2023 On June 22, 2023, the Parliament of Canada passed Bill C-47, An Act to implement certain provisions of the budget tabled in Parliament on March 28…

Code of Market Conduct for all insurers conducting business in British Columbia

Canada - July 19 2023 The goal to modernize the British Columbia Financial Services Authority’s (BCFSA) approach to market conduct supervision and oversight includes the…

OSFI releases the final version of Guideline B-10 (Third-Party Risk Management)

Canada - May 2 2023 On April 24, 2023, the Canada Office of the Superintendent of Financial Institutions (OSFI) released the final version of the Third-Party Risk…

Insurers beware: Failure to exclude optional extension results in unintended extended excess policy coverage

Canada - March 22 2023 Republished with permission from the Insurance Brokers Association of Alberta’s magazine The Alberta Broker (February/March 2023). Many corporate…

OSFI Releases the Final Version of its Climate Risk Management Guideline: Actions for Federally Regulated Insurers

Canada - March 17 2023 On March 7, 2023, the Canada Office of the Superintendent of Financial Institutions (OSFI) released the final version of Guideline B-15: Climate Risk…

Alberta’s Superintendent of Insurance issues two interpretation bulletins involving private passenger vehicles: What automobile insurers should know

Canada - March 13 2023 On January 25, 2023, Alberta’s Superintendent of Insurance (Superintendent) issued two bulletins that insurers authorized to conduct automobile…

OSFI releases Draft Culture and Behaviour Risk Guideline for public consultation

Canada - March 10 2023 On February 28, 2023, the Canada Office of the Superintendent of Financial Institutions (OSFI) released its Draft Culture and Behaviour Risk Guideline…

OSFI provides greater clarity and guidance to life insurance companies on participating and adjustable life insurance policies

Canada - February 27 2023 On January 18, 2023, the Office of the Superintendent of Financial Institutions Canada (OSFI) issued the revised Guideline E-16: Participating Account…