Reporting Requirements for Life Insurance Companies and Fraternal Benefit Societies

Date: August 2024

Return title Date of submission Frequency Subject to LEFP Canadian Life Table footnote d Foreign Life Canadian Fraternal Foreign Fraternal
LIFE Quarterly Supervisory (LF1/LF2) 45 days Quarterly ✓ subject to LEFP Yes Yes Yes Yes
LIFE Annual Supervisory (LF1/LF2/LF3) 60 days Annual ✓ subject to LEFP Yes Yes Yes Yes
LIFE Quarterly Supervisory - Unstructured (972) 45 days Quarterly ✓ subject to LEFP Yes Yes Yes Yes
60 days Annual ✓ subject to LEFP Yes Yes Yes Yes
LIFE Metric Supplemental Quarterly (LF4 - 939) 45 days Quarterly N/A Yes Yes Yes Yes
60 days Annual N/A Yes Yes Yes Yes
Life Insurance Capital Adequacy Test (LICAT)/Life Insurance Margin Adequacy Test (LIMAT) Quarterly (LCQ) 45 days Quarterly ✓ subject to LEFP Yes Yes Yes Yes
LICAT/LIMAT Annual (LCQ/LCA) 60 days Annual ✓ subject to LEFP Yes Yes Yes Yes
LICAT/LIMAT Quarterly - Unstructured (911) 45 days Quarterly ✓ subject to LEFP Yes Yes Yes Yes
60 days Annual ✓ subject to LEFP Yes Yes Yes Yes
Auditor's Report to the Superintendent (625) - Canadian 60 days Annual ✓ subject to LEFP Yes No Yes No
Auditor's Report to the Superintendent (625) - Reinsurers 90 days Annual ✓ subject to LEFP Yes No Yes No
Auditor's Report to the Superintendent (625) - Foreign May 31 Table footnote a Annual ✓ subject to LEFP No Yes No Yes
Auditor's Report on LICAT (630) 90 days Annual ✓ subject to LEFP Yes No Yes No
Auditor's Report on LIMAT (635) May 31 Annual ✓ subject to LEFP No Yes No Yes
Appointed Actuary's Report (AAR) (605) 60 days Annual ✓ subject to LEFP Yes Yes Yes Yes
AAR - Excel File (600) 60 days Annual ✓ subject to LEFP Yes Yes Yes Yes
Financial Condition Testing (FCT) (610) Various Table footnote b Annual ✓ subject to LEFP Yes Yes Yes Yes
FCT Template - Life (951) Various Table footnote b Annual ✓ subject to LEFP Yes Yes Yes Yes
External Review Report - AAR (615) Various Table footnote c Annual ✓ subject to LEFP Yes Yes Yes Yes
External Review Report - FCT (608) December 31 Annual ✓ subject to LEFP Yes Yes Yes Yes
External Review Report - CAR (609) Table footnote e Various Table footnote c Annual N/A Yes Yes Yes Yes
External Review Report - Other (607) Table footnote e Various Table footnote g Annual N/A Yes Yes Yes Yes
ORSA Key Metrics Report (OL) Various Table footnote f Annual ✓ subject to LEFP Yes Yes Yes Yes
Solo Capital Return (1004)Table footnote h 45 days Quarterly N/A Yes (selected) No No No
Worldwide Financial Statement (645) Various Annual N/A No Yes No Yes

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/Canadian Branch Management, and one year after fiscal year-end

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Table footnote c

Pre-release ERRs: 60 days; Post release ERRs: 90 days

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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 CAR(609) and Other(607) must be requested by contacting RRSsupport-SDRsoutien@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 Canadian Branch Management

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Table footnote g

As specified

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Table footnote h

Only Life insurers designated by OSFI as Internationally Active Insurance Groups (IAIGs) with a December fiscal year-end are required to submit this return

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