Reporting Requirements for Life Insurance Companies and Fraternal Benefit Societies

Document Properties

  • Date: January 2020
RETURN TITLEDATE OF SUBMISSIONFREQUENCYSUBJECT TO LEFPCANADIAN LIFE (d)FOREIGN LIFECANADIAN FRATERNALFOREIGN FRATERNAL
LIFE Quarterly (10Q)45 daysQuarterlyYesYesYesYes
LIFE Annual (10Q/10A)60 daysAnnualYesYesYesYes
LIFE Quarterly - Unstructured (665)45 daysQuarterlyYesYesYesYes
60 daysAnnualYesYesYesYes
Auditor's Report to the Superintendent (625) - Canadian60 daysAnnualYesNoYesNo
Auditor's Report to the Superintendent (625) - Reinsurers90 daysAnnualYesNoYesNo
Auditor's Report to the Superintendent (625) - ForeignMay 31 (a)AnnualNoYesNoYes
LICAT/LIMAT Quarterly (LCQ)45 daysQuarterlyYesYesYesYes
LICAT/LIMAT Annual (LCQ/LCA)60 daysAnnualYesYesYesYes
LICAT/LIMAT Quarterly - Unstructured (911)45 daysQuarterlyYesYesYesYes
60 daysAnnualYesYesYesYes
Auditor's Report on LICAT (630)90 daysAnnualYesNoNoNo
Auditor's Report on LIMAT (635)May 31AnnualNoYesNoNo
Appointed Actuary's Report (605)60 daysAnnualYesYesYesYes
AAR - Excel File (600)60 daysAnnualYesYesYesYes
Financial Condition Testing (FCT) (610)Various (b)Annual ✔YesYesYesYes
External Review Report - AAR (615) (e)Various (c)Annual YesYesYesYes
External Review Report - FCT (608) (e)Various (c)Annual YesYesYesYes
External Review Report - CAR (609) (e)Various (c)Annual YesYesYesYes
External Review Report - Other (607) (e)Various (c)Annual YesYesYesYes
ORSA Key Metrics Report (OL)Various (f)Annual YesYesYesYes
ORSA KMR - Unstructured (912)Various (f)Annual YesYesYesYes
Worldwide Financial Statement (645)VariousAnnual NoYesNoYes

(a) ICA Subsection 644(1)

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

(c) 30 days after transmission to the Audit Committee or to the Chief Agent, as required

(d) Includes Insurance Holding Companies & Non-operating Life Companies

(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

(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