Reporting Requirements for Federally Regulated Mortgage Insurers

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  • Date: January 2023
Return titleDate of submissionFrequencySubject to LEFPCanadian mortgage insurers
MI Quarterly Supervisory (MI3/MI4)45 daysQuarterly✓ subject to LEFPYes
MI Annual Supervisory (MI3/MI4/MI5)60 daysAnnual✓ subject to LEFPYes
MI Quarterly Supervisory - Unstructured (973)45 daysQuarterly✓ subject to LEFPYes
MI Quarterly Supervisory - Unstructured (973)60 daysAnnual✓ subject to LEFPYes
Mortgage Insurance Capital Adequacy Test (MICAT) (MI)45 daysQuarterly✓ subject to LEFPYes
Mortgage Insurance Capital Adequacy Test (MICAT) (MI)60 daysAnnual✓ subject to LEFPYes
MICAT - Unstructured (937)45 daysQuarterly✓ subject to LEFPYes
MICAT - Unstructured (937)60 daysAnnual✓ subject to LEFPYes
Auditor's Report on MICAT (632)90 daysAnnual✓ subject to LEFPYes
Auditor's Report to the Superintendent (625) - Canadian60 daysAnnual✓ subject to LEFPYes
Appointed Actuary's Report (605)60 daysAnnual✓ subject to LEFPYes
AAR - Excel File (600)60 daysAnnual✓ subject to LEFPNo
Financial Condition Testing (FCT) (610)Various Footnote aAnnual✓ subject to LEFPYes
External Review Report - AAR (615) Footnote cVarious Footnote bAnnualN/AYes
External Review Report - FCT (608) Footnote cVarious Footnote bAnnualN/AYes
External Review Report - CAR (609) Footnote cVarious Footnote bAnnualN/AYes
External Review Report - Other (607) Footnote cVarious Footnote bAnnualN/AYes
ORSA Key Metrics Report (OP)Various Footnote dAnnualN/AYes
ORSA KMR - Unstructured (915)Various Footnote dAnnualN/AYes
Earthquake Exposure Data Return (659)May 31Annual✓ subject to LEFPYes
Unpaid Claims and Loss Ratio Exhibits (661)60 daysAnnualN/AYes
P&C Business Plan (640)Max 60AnnualN/AYes

Footnotes

Footnote a

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

Return to footnote a

Footnote b

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

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Footnote c

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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Footnote d

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

Return to footnote d

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