Document Properties
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Type of Publication: Implementation Letter
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Date: November 26, 2010
- Reference: Guideline
for Life / P&C
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To:
- Federally Regulated Life Insurance Companies,
including Fraternal Benefit Societies
- Federally Regulated Property and Casualty
Insurance Companies
Public consultations on Draft Guideline B-3 and on the Regulations
Repealing the Reinsurance (Canadian Companies) Regulations and the
Reinsurance (Foreign Companies) Regulations concluded on October
1, 2010 and November 15, 2010, respectively. At this time, OSFI
wishes to communicate its intention to:
- post on its website the final version of Guideline B-3 by December
31, 2010;
- seek to implement the Regulations Repealing the Reinsurance
(Canadian Companies) Regulations and the Reinsurance (Foreign
Companies) Regulations effective June 30, 2011; and,
- implement Guideline B-3 effective July 1, 2011.
We trust that these clarifications will help guide federally regulated
insurers during both current and future reinsurance renewal cycles.
Questions concerning this letter should be communicated to Mr.
Philipe-A. Sarrazin at (613) 998-4190, by e-mail at Philipe.Sarrazin@osfi-bsif.gc.ca,
or by facsimile at (613) 998-6716.
- Mark E. White
- Assistant Superintendent
- Regulation Sector