Draft LICAT 2018 Guideline

OSFI is issuing for public consultation a draft revised version of its guideline: Life Insurance Capital Adequacy Test (LICAT). The revised draft reflects feedback and the results of OSFI’s LICAT implementation preparation exercise.

Effective 2018, the LICAT will replace Guideline A: Minimum Continuing Capital and Surplus Requirements (MCCSR). Comments on the draft guideline should be provided on or before July 28, 2017.