Participating Account Management and Disclosure to Participating Policyholders and Adjustable Policyholders

Document Properties

  • Type of Publication: Letter
  • Date: November 14, 2011
  • Reference: Guideline for Life Insurance Companies
  • To: Federally Regulated Canadian Life Insurance Companies

A number of provisions in the Insurance Companies Act (ICA) with respect to participating policies and adjustable policies were recently brought into force. In addition, the Policyholders Disclosure Regulations, which support the ICA on the subject of participating and adjustable policies, was brought into force on June 1, 2011.

Guideline E-16, which applies to Canadian Life Insurance Companies, addresses the new requirements for participating and adjustable policies by providing direction to companies on how best to comply with the revised requirements.

Questions concerning this Guideline should be addressed to Helmut Engels, Director, Actuarial Division at

  • Julie Dickson
  • Superintendent