Reporting Requirements for Life Insurance Companies and Fraternal Benefit Societies

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  • Date: January 2023
Return titleDate of submissionFrequencySubject to LEFPCanadian Life Table footnote dForeign LifeCanadian FraternalForeign Fraternal
LIFE Quarterly Supervisory (LF1/LF2)45 daysQuarterly✔YesYesYesYes
LIFE Annual Supervisory (LF1/LF2/LF3)60 daysAnnual✔YesYesYesYes
LIFE Quarterly Supervisory - Unstructured (972)45 daysQuarterly✔YesYesYesYes
60 daysAnnual✔YesYesYesYes
LIFE Metric Supplemental Quarterly (LF4)45 daysQuarterly✔YesYesYesYes
LICAT/LIMAT Quarterly (LCQ)45 daysQuarterly✔YesYesYesYes
LICAT/LIMAT Annual (LCQ/LCA)60 daysAnnual✔YesYesYesYes
LICAT/LIMAT Quarterly - Unstructured (911)45 daysQuarterly✔YesYesYesYes
60 daysAnnual✔YesYesYesYes
Auditor's Report to the Superintendent (625) - Canadian60 daysAnnual✔YesNoYesNo
Auditor's Report to the Superintendent (625) - Reinsurers90 daysAnnual✔YesNoYesNo
Auditor's Report to the Superintendent (625) - ForeignMay 31 Table footnote aAnnual✔NoYesNoYes
Auditor's Report on LICAT (630)90 daysAnnual✔YesNoNoNo
Auditor's Report on LIMAT (635)May 31Annual✔NoYesNoNo
Appointed Actuary's Report (605)60 daysAnnual✔YesYesYesYes
AAR - Excel File (600)60 daysAnnual✔YesYesYesYes
Financial Condition Testing (FCT) (610)Various Table footnote bAnnual ✔YesYesYesYes
External Review Report - AAR (615) Table footnote eVarious Table footnote cAnnualblank YesYesYesYes
External Review Report - FCT (608) Table footnote eVarious Table footnote cAnnualblank YesYesYesYes
External Review Report - CAR (609) Table footnote eVarious Table footnote cAnnualblank YesYesYesYes
External Review Report - Other (607) Table footnote eVarious Table footnote cAnnualblank YesYesYesYes
ORSA Key Metrics Report (OL)Various Table footnote fAnnualblank YesYesYesYes
ORSA KMR - Unstructured (912)Various Table footnote fAnnualblank YesYesYesYes
Worldwide Financial Statement (645)VariousAnnualblank NoYesNoYes

Table footnotes

Table footnote a

ICA Subsection 644(1)

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Table footnote b

Earlier of: 30 days after presentation to Board of Directors/Chief Agent, and one year after fiscal year-end

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Table footnote c

Earlier of: December 31 or 30 days after transmission to the Audit Committee or to the Chief Agent

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Table footnote d

Includes Insurance Holding Companies & Non-operating Life Companies

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Table footnote e

ERR for the AAR(615) and FCT(608) will be automatically scheduled; the CAR(609) and Other(607) must be requested by contacting RA-RRS.Support@osfi-bsif.gc.ca or at 613-991-0609

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Table footnote f

Submitted to OSFI at least annually and within 30 days of report being reviewed by the Board of Directors / signed off by the Chief Agent

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