Reporting Requirements for Life Insurance Companies and Fraternal Benefit Societies

Document properties

  • Date: November 2023
Return titleDate of submissionFrequencySubject to LEFPCanadian Life Table footnote dForeign LifeCanadian FraternalForeign Fraternal
LIFE Quarterly Supervisory (LF1/LF2)45 daysQuarterlysubject to LEFPYesYesYesYes
LIFE Annual Supervisory (LF1/LF2/LF3)60 daysAnnualsubject to LEFPYesYesYesYes
LIFE Quarterly Supervisory - Unstructured (972)45 daysQuarterlysubject to LEFPYesYesYesYes
60 daysAnnualsubject to LEFPYesYesYesYes
LIFE Metric Supplemental Quarterly (LF4 - 939)45 daysQuarterlyN/AYesYesYesYes
Life Insurance Capital Adequacy Test (LICAT)/Life Insurance Margin Adequacy Test (LIMAT) Quarterly (LCQ)45 daysQuarterlysubject to LEFPYesYesYesYes
LICAT/LIMAT Annual (LCQ/LCA)60 daysAnnualsubject to LEFPYesYesYesYes
LICAT/LIMAT Quarterly - Unstructured (911)45 daysQuarterlysubject to LEFPYesYesYesYes
60 daysAnnualsubject to LEFPYesYesYesYes
Auditor's Report to the Superintendent (625) - Canadian60 daysAnnualsubject to LEFPYesNoYesNo
Auditor's Report to the Superintendent (625) - Reinsurers90 daysAnnualsubject to LEFPYesNoYesNo
Auditor's Report to the Superintendent (625) - ForeignMay 31 Table footnote aAnnualsubject to LEFPNoYesNoYes
Auditor's Report on LICAT (630)90 daysAnnualsubject to LEFPYesNoNoNo
Auditor's Report on LIMAT (635)May 31Annualsubject to LEFPNoYesNoNo
Appointed Actuary's Report (AAR)(605)60 daysAnnualsubject to LEFPYesYesYesYes
AAR - Excel File (600)60 daysAnnualsubject to LEFPYesYesYesYes
Financial Condition Testing (FCT) (610)Various Table footnote bAnnualsubject to LEFPYesYesYesYes
FCT Template - Life (951)Various Table footnote bAnnualsubject to LEFPYesYesYesYes
External Review Report - AAR (615)Various Table footnote cAnnualsubject to LEFPYesYesYesYes
External Review Report - FCT (608)December 31Annualsubject to LEFPYesYesYesYes
External Review Report - CAR (609) Table footnote eVarious Table footnote cAnnualN/AYesYesYesYes
External Review Report - Other (607) Table footnote eVarious Table footnote gAnnualN/AYesYesYesYes
ORSA Key Metrics Report (OL)Various Table footnote fAnnualsubject to LEFPYesYesYesYes
Standardized Stress Testing - Life (941)VariousTable footnote bAnnualsubject to LEFPYesYesYesYes
Solo Capital Return (969)Table footnote h45 daysQuarterlyN/AYes (selected)NoNoNo
Worldwide Financial Statement (645)VariousAnnualN/ANoYesNoYes

Table footnotes

Table footnote a

ICA Subsection 644(1)

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Table footnote b

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

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Table footnote c

Pre-release ERRs: 60 days; Post release ERRs: 90 days

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Table footnote d

Includes Insurance Holding Companies & Non-operating Life Companies

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Table footnote e

ERR for 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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Table footnote f

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

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Table footnote g

As specified

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Table footnote h

Only Life insurers designated by OSFI as Internationally Active Insurance Groups (IAIGs) with a December fiscal year-end are required to submit this return

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