Office of the Superintendent of Financial Institutions
This is to advise you of the changes that were made to the Canadian Council of Insurance Regulators (CCIR) regulatory forms and instructions.
Changes were made to Section III (Definitions), Section V (Jurisdictional Requirements) and Section VI (Detailed Instructions) of the Life instructions, to the Life Quarterly Return (10Q) effective Q1 2019 and to the Life Annual Supplement (10A) effective Q4 2018. Note that no changes were made to the Life Quarterly Return (10Q) effective Q4 2018.
The changes can be viewed on OSFI’s Web site at www.osfi-bsif.gc.ca under Regulatory Data and Returns > Filing Financial Returns > Canadian & Foreign Life Insurance Companies / Fraternal Benefit Societies. A detailed summary of all changes can be found under Section VII of the instructions.
Changes were made to the LICAT Annual Supplement (LCA) effective Q4 2018 and to the LICAT Quarterly Return (LCQ) effective Q1 2019. Note that changes to the LICAT Filing Instructions are expected sometime in the fall of 2018.
The LCQ and LCA return templates can be viewed on OSFI’s Web site at www.osfi-bsif.gc.ca under Regulatory Data and Returns > Filing Financial Returns > Canadian & Foreign Life Insurance Companies / Fraternal Benefit Societies.
The new structured ORSA Key Metrics Report (OL) will be made available for filing in RRS, effective January 2019.
If you need additional information, please contact your company's Lead Supervisor at OSFI. If you have any questions about completing or filing the financial returns, please call Returns Administration at (613) 991-0609.