Office of the Superintendent of Financial Institutions
This Guideline sets out OSFI’s expectations for the role of the
Chief Agent for foreign insurance company branches (FCBs) and outlines
the expectations for record keeping requirements. The Guideline
reflects OSFI’s approach to supervision as set out in OSFI’s supervisory
framework, and other OSFI guidelines that are applicable to foreign
financial institution branches.
Guideline E-4A is intended to replace the existing Guideline E-4,
issued in 1992 for foreign life insurance company branches. Guideline
E-4A applies to foreign life and foreign property and casualty insurance
branches and foreign fraternal benefit society branches. The Guideline
is being issued concurrently with Guideline E-4B, which applies
to foreign bank branches.
OSFI recognizes that some branches may have to modify existing
policies and procedures; therefore, branches are expected to comply
with this Guideline by October 31, 2006.
Questions concerning the guideline should be addressed to Sharon
Nitschke, Legislation and Approvals Division, at (613) 990-8798,
by facsimile at (613) 998-6716 or by e-mail at email@example.com.