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.
Minor changes were made to Section V (Jurisdictional Requirements) of the Life instructions and to the Life Annual Supplement (10A) effective Q4 2020. Note that no changes were made to the Life Quarterly Return (10Q) for Q4 2020 or Q1 2021.
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.
No changes were made to the LICAT Filing Instructions, the LICAT Annual Supplement (LCA) or to the LICAT Quarterly Return (LCQ) for Q4 2020 or Q1 2021.
Any updates to the validation rule reports will be posted on OSFI's Web site once they are made available within the RRS system.
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.