Property and casualty insurance return (2027) – Section VI – Change Control Log

Information

Type of document

Change control log

Industry

Insurance companies

Return

Property and casualty insurance return

Last updated

September 2026

Return number

PC1-PC2-PC3-PCPROV

Effective dates

Dec. 31 fiscal year end insurers: Jan. 1, 2027 / Oct. 31 fiscal year end insurers: Nov. 1, 2027

Table of contents

Note

Continue using the 2026 Property and Casualty Insurance Returns until the dates below:

If fiscal year ends on December 31, 2026, use these new returns starting January 1, 2027
If fiscal year ends on October 31, 2027, use these new returns starting November 1, 2027

2026 Updates

2027 Quarterly and Annual Returns and Instructions

With the implementation of IFRS 18, Quarterly and Annual Returns (P&C Core Financial Statement Return (PC1), P&C Supervisory Quarterly Return (PC2), P&C Supervisory Annual Return (PC3) and P&C Provincial Return (PCPROV)) have been updated effective Q1 2027.

All readers are encouraged to review the tracked changes version of 2027 edition of the Quarterly and Annual Return filings along with the updated instructions.

2025 Updates

The following changes have been made during the course of the 2025 year:

Instructions

No changes made.

2025 "Q4" Annual and Quarterly Returns

Page	Changes
85.40	Deleted.

2026 "Q1" Quarterly Returns

No changes made.

2024 Updates

The following changes have been made during the course of the 2024 year:

Instructions

Section	Changes
Section I	External Auditor Reports – Added/Updated Foreign P&C Insurance Companies – Updated
Section II	External Auditor Reports – Deleted
Section IV	Reference to "Annual Supplement" to "Annual Return" – Updated Page 10.10 – Updated Page 10.41 – Updated Page 20.16, line 530 – Added Page 20.18, line 330 – Added Page 20.22, lines 220 and 250 – Updated Page 20.42, lines 80, 82, 90 and 92 – Updated Page 20.54, lines 60 and 62 – Deleted Page 40.08, column 25 – Deleted Page 40.72 – Added/Updated Page 40.74 – Updated Page 40.80 – Updated Page 40.88 – Page title and column 05 – Updated Page 60.25, column 04 – Updated Page 60.25, column 25 – Deleted Page 60.36/93.36 - Deleted Page 60.45, general instructions and line 310 – Updated Page 60.80 – Updated Page 80.15 – Updated Page 99.15 – Updated
Section V	Ontario contact information – Updated "Filing Requirements" for all jurisdictions – Updated Federal section – Updated

2024 "Q4" Annual and Quarterly Returns

Page	Changes
All	Column heading "Prior Period Restated" to "Prior Period" – Updated
10.10	Page title – Updated
10.41	Lines 96 to 99 – Added
20.22	Line 220 – Wording Updated Line 300 – Reference page Updated
20.32, 20.38	Line 220 – Wording Updated
20.41	Lines 010 and 110 – Wording Updated Lines 020 and 120 – Deleted
20.45	Lines 01 and 02 – Wording Updated Line 09 – Deleted
20.54, 92.54	Lines 01, 09 and 19 – Wording Updated Lines 05, 60 and 62 – Deleted
40.08	Line 115 – Added Column 25 – Deleted
40.72	Page title – Updated Lines 010 and 199 – Added Sub-title above line 060 – Updated Line 099 – Reference page Deleted
40.74	Page title – Updated Lines 060 and 160 – Added Line 499 – Wording Updated
40.88	Page title – Updated Columns 05 and 59 – Wording Updated
50.40	Reference ($'000) – Deleted
60.25, 93.14	Column 04 – Wording Updated
60.80	Page title – Updated
60.36, 93.36	Page – Deleted
80.15	Line 099 – Deleted
92.22	Line 220 – Wording Updated
95.10	Column headings – Wording Updated Column 14 – Added
99.10, 99.11	Page title – Updated
99.15	Page title and second paragraph – Updated

2025 "Q1" Quarterly Returns

No changes made.

2023 Updates

The following changes have been made during the course of the 2023 year:

Instructions

Section	Changes
Section IV	Instructions related to Prior periods for quarterly reports – Updated
Section V	Regulators – Updated Alberta, British Columbia and Northwest Territories – Updated Federal (Filing Requirements) – Updated

2023 "Q4" Annual and Quarterly Returns

No changes made.

2024 "Q1" Quarterly Returns

No changes made.

2022 Updates

2023 Quarterly and Annual Returns and Instructions

With the implementation of IFRS 17, the existing P&C Quarterly (1Q) and Annual Supplement (1A) returns have been decommissioned. New Quarterly and Annual Returns (P&C Core Financial Statement Return (PC1), P&C Supervisory Quarterly Return (PC2), P&C Supervisory Annual Return (PC3) and P&C Provincial Return (PCPROV)) have been created effective Q1 2023.

The capital related return pages have also officially been removed from the P&C return. A new Minimum Capital Test (MCT) (PC4) return and instructions have been created and posted to OSFI's external website.

All readers are encouraged to fully review the 2022 updated instructions, and the 2023 edition of the Quarterly and Annual Return filings.

2021 Updates

The following changes have been made during the course of the 2021 year:

Instructions

Section	Changes
Section I	General email address – Updated
Section V	Saskatchewan contact information – Updated Federal contact information – Updated Saskatchewan – Updated
Section VI	Page 10.60, line 33 – Updated Pages 99.11 and 99.15 – Updated

2021 "Q4" Quarterly Return

No changes made.

2021 Annual Supplement

Page	Changes
99.11	Foreign Affidavit – Wording Updated

2022 "Q1" Quarterly Return

No changes made.

2020 Updates

The following changes have been made during the course of the 2020 year:

Instructions

Section	Changes
Section V	All references to AAR-DCAT – Updated to AAR-FCT BC contact information – Updated Quebec – Updated British Columbia – Updated
Section VI	Pages 70.50, 70.60 and 70.61, column 01 – Updated Page 99.16 – Updated

2020 "Q4" Quarterly Return

No changes made.

2020 Annual Supplement

Page	Changes
99.20	Quebec Affidavit – Wording Updated

2021 "Q1" Quarterly Return

No changes made.

2019 Updates

The following changes have been made during the course of the 2019 year:

Instructions

Section	Changes
Section V	NB contact information – Updated Yukon – Updated Federal – Updated
Section VI	Page 10.60, lines 40 and 44 – Deleted Page 10.60, line 43 – Added Page 20.31 – Updated Page 20.37 – Added Instructions related to mortgage insurers under pages 30.61 to 30.92 – Deleted Pages 70.62 and 70.63 – Added

2019 "Q4" Quarterly Return

No changes made.

2019 Annual Supplement

Page	Changes
10.41	($'000) – Added to page heading
10.60	Lines 40 and 44 – Deleted Lines 42 and 43 – Added Line 19, column 55 – Added
20.37	New (BC Incorporated Insurers only)
60.40/60.41/93.60/93.61	Lines 10, 20, 30, 40 and 50 – Year reference Deleted Lines 05, 15, 25, 35 and 45 – Year reference Added

2020 "Q1" Quarterly Return

Page	Changes
70.60/70.61	Column 40 – Wording Updated
70.62/70.63	New

2018 Updates

The following changes have been made during the course of the 2018 year:

Instructions

Section	Changes
Section III	Net Retention definition – Deleted Policy Limit definition – Deleted
Section V	All jurisdictions – Updated
Section VI	Page 10.41, lines 03-70 – Updated Page 10.60, line 40 – Updated Page 20.31 – Added

2018 "Q4" Quarterly Return

No changes made.

2018 Annual Supplement

No additional changes introduced. See 2017 Updates for further details.

2019 "Q1" Quarterly Return

Page	Changes
20.31	New (BC Incorporated Insurers only)
30.92	Line 71 – New
30.71	Lines 08, 42, 45 and 56 – Risk Factor – Updated Line 09 – New Lines 42, 45 and 46 – Columns 03 and 04 – Unshaded
30.81	Lines 45 and 46 – Risk Factor – Updated Lines 45 and 46 – Columns 03 and 04 – Unshaded
70.60	Columns 42 and 44 – Updated

2017 Updates

The following changes have been made during the course of the 2017 year:

Instructions

Section	Changes
Section VI	Page 10.43 – Updated Page 20.10, column 2 – Added Page 30.61, lines 03, 13 and 63 – Deleted Page 40.07, columns 01 and 03 – Updated

2018 "Q1" Quarterly Return

Page	Changes
20.10	Line 45, columns 02, 04 and 06 – Unshaded
20.42	Lines 04, 44 – Wording Change Lines 25, 65 – Added
20.54	Column 07 – Wording Change
30.61	Lines 03, 13 and 62 – Deleted
30.65	New
40.07	Columns 01 and 03 – Wording Change
60.21	Lines 94 and 96 – Wording Change
92.42	Lines 04, 44 – Wording Change Lines 25, 65 – Added
92.54	Column 07 – Wording Change
93.11	Lines 94 and 96 – Wording Change

2018 Annual Supplement

Page	Changes
10.43	Page heading – Updated
40.12	Columns 10 and 12 – Wording Change
40.22	Columns 10 and 12 – Wording Change
40.42	Columns 10 and 12 – Wording Change
40.52	Columns 10 and 12 – Wording Change

2016 Updates

The following changes have been made during the course of the 2016 year:

Instructions

Section	Changes
Section III	Definition for "Associate" – Updated
Section V	Regulators – Updated Alberta – Updated Federal – Updated
Section VI	Page 10.40, line 40 – Deleted Page 10.41 – Additions/Deletions Page 10.42 – Additions/Deletions Page 10.43 – New Page 20.10, line 45 – New Page 20.30, line 47 – New Page 40.07 – Addition/Deletion Page 40.07, column 13 – New Page 40.07, lines 32 and 34 – New Page 50.32, Section VI – New Pages 60.40/60.41 – Addition Page 70.21 – Addition/Deletion Page 70.40 – Deleted Page 90.70 – Deleted

2016 "Q4" Quarterly Return

Page	Changes
20.10/92.10	Line 45 – Added
20.30/92.30	Lines 35 and 47 – Added
20.42/92.42	Lines 14 and 52 – Added
30.62	Line 37 – Wording Change
30.92	Line 70 – Added
30.66, 30.79	Line 12 – Wording Change
40.07	Lines 32 and 34 – Added Column 13 – Added Column 16 – Wording Change
40.80	Footnote – Wording Change
50.32	Sections VI, VII – Wording Change Line 52 – Wording Change
60.30/93.20	Column 11 – Added Column 19 – Wording Change
93.30/93.40/93.50/85.40/85.60	Line 63, column 05 – Shading Added

2016 Annual Supplement

Page	Changes
10.40	Line 07 – Wording Change Lines 40 to 49 – Deleted from this page
10.41	Lines 13 and 17, column 05 – Unshaded Liability and surety sub-classes of insurance – Added Questions 75 to 87 – Deleted from this page Lines 88 and 89 – Added Line 85 – Reinstated
10.42	Page renamed to Encumbered Assets Question 01 – Deleted New Counterparty table – Added Line 50 – Deleted Lines 30, 34 and 35 – Deleted from this page
10.43	Outsourcing and Service Agreements – New
40.12	Page title – Wording Change Lines 09, 19 and 29 – Deleted
50.30	Deleted
60.10	Liability and surety sub-classes of insurance – Added
60.40/60.41/93.60/93.61	Lines 05, 15, 25, 35 and 45 – Added
70.21	Columns 20, 21, 22 and 23 – Added Lines 49 and 69 – Deleted Lines 89 and 91 – Wording Change
70.40	Deleted
70.90	Reinsurance Interrogatories – New
90.70	Deleted

2015 Updates

The following changes have been made during the course of the 2015 year:

Instructions

Significant changes include:

Rework of MCT/BAAT instructions (as per MCT Guideline changes)

Other changes include:

Section	Changes
Section II	Quarterly Return Filing Specifications – Wording Change
Section V	Quebec – Updated
Section VI	Page 20.10, lines 04 and 05 – Wording Change Page 20.20, lines 20 and 34 – Added Page 40.07 – Wording Changes/Additions Page 40.12 – Wording Change Page 50.30 – Deleted Page 50.32 – Old instructions Deleted Page 50.32, columns 23 to 31 – Wording Change Page 70.38 and 70.39 – Deleted Pages 85.40, 85.45, 85.60 and 85.65 – Wording Change

2015 "Q4" Quarterly Return

No changes made.

2015 Annual Supplement

Page	Changes
85.45, 85.65 and 93.35	Liability and surety sub-classes of insurance – Added

2014 Updates

The following changes have been made during the course of the 2014 year:

Instructions

Significant changes include:

The P&C-1 and P&C-2 instructions have been amalgamated into a standard set of instructions called the P&C Insurance Return Instructions.
Multiple changes/additions relating to the 2015 Return changes.

All readers are encouraged to completely review the 2015 edition.

2014 Annual

Significant changes include:

Combining of the P&C-1 and P&C-2 Returns.
1 "true" Quarterly Return to be filed at all 4 quarters and 1 Annual Supplement Return to be filed with the Q4 filing.

Other changes include:

Page	Changes
10.20	Shares table has been deleted New question added under Shareholders
10.40	New question added Questions 20 and 35 have been deleted
10.41	One new line added Line 85 has been deleted
20.20/92.20	Two new lines have been added
20.40	Page deleted; Reserves table now located on page 20.45 for Canadian insurers
50.32	New page for Canadian insurers only (previously known as page 50.40)
60.10	Becomes Quebec and Alberta only page
60.50	Page deleted
67.10/93.30	Line 01, column 18 has been unshaded
92.40	Statement of Retained Earnings table has been deleted
92.54	New non-consolidated page
99.16	New Affidavit Verifying Quarterly Return page
99.20	New Quebec Affidavit Verifying Annual Supplement Return page

2015 Quarterly/Annual Supplement

Significant changes to the 2015 Returns include:

Rework of Reinsurance pages; new pages 70.50, 70.60, 70.61 and 70.90 added; pages 70.40, 70.38, 70.39 and 90.70 deleted; 70.21 updated.
Addition of liability and surety sub-classes of insurance to pages 10.41, 60.10 to 60.30, 67.10 to 67.31, 93.10 to 93.50 and 85.40 to 85.65.
Rework of MCT/BAAT pages (as per MCT Guideline changes); significant changes to pages 30.70, 30.71, 30.73, 30.80, 30.81 and 30.92; new pages 30.62, 30.64, 30.66, 30.75, 30.77 and 30.79 added.

Other changes include:

Page	Changes
10.40	Lines 40 to 49 have been deleted
10.41	Questions 75 to 87 have been deleted from this page One new question added
10.42	Page name change to Encumbered Assets Questions 01 and 30 has been deleted New Counterparty table added Line 50 has been deleted
10.43	New Outsourcing and Service Agreements page
50.30	Page deleted
50.32	Page relabeled to Intra-Group Transactions; multiple sections added

2013 Updates

The following changes have been made during the course of the 2013 year:

Instructions

A comprehensive review of the instructions was performed in 2013. Significant changes have been made to the P&C Insurance Return instructions.

All readers are encouraged to completely review the 2013 edition.

2013 Annual Return

Page	Changes
10.10	Lines 10, 67, 77 and 78 – Added
10.16/10.17/10.30/10.40/10.41/10.42/20.52/20.60/20.70/20.80	Multiple wording changes
20.10/92.10	Line 58 – Added
20.20/92.20	Lines 22, 23, 24, 25 and 26 – Added
20.42/92.42	Multiple changes/additions
20.54	Lines 15, 13, 35 and 33 – Wording change Column 27 – Added
30.70	Line 42 – Added Line 44 – Wording change Line 18 – Deleted
30.71	Lines 06, 07, 34 and 86 – Wording change
30.73	Multiple wording changes Line 18 – Added
40.07	Line 01 – Wording change Line 06 – Added
40.70	Multiple wording changes
50.50	Page - Deleted
70.40	Page title – Changed Lines 91 and 95 – Added
80.20	Line 56 – Added

2014 Interim Return

Page	Changes
10.15/10.17	Pages – Added
20.10/92.10	Line 58 – Added
20.20/92.20	Lines 22, 23, 24, 25 and 26 – Added
20.42/92.42	Lines 11 and 51 – Relocated
20.54	Lines 15, 13, 35 and 33 – Wording change
30.70	Line 44 – Wording change
30.71	Lines 34 and 86 – Wording change
30.73	Line 18 – Added
40.07	Line 01 – Wording change Line 06 – Added

2012 Updates

The following changes have been made during the course of the 2012 year:

Instructions

Section	Changes
Section I	Multiple deletions
Section II	How to embed files – Added
Section III	Definition for "Control" – Updated Definition for "Subsidiary" – Updated
Section IV	Letters of Credit – Revision
Section V	Complete revision
Section VI	Page 10.17 – Added Page 10.40 – Additions Page 10.41 – Multiple additions/changes Page 10.42 – Deletion/multiple additions Page 10.60 – Additions/changes Page 20.10 – Multiple additions/changes Page 20.52 – Addition Page 20.54 – Addition/multiple deletions Page 20.60 – Additions/changes Page 20.70 – Added Page 20.80 – Added Page 30.70 – Multiple additions/changes Page 30.71 – Multiple additions/changes Page 30.73 – Added Page 40.07 – Deletion, multiple additions, change Pages 40.12 to 40.52 – Addition Page 40.22 – Additions/changes Page 40.32 – Addition Page 40.70 – Deletion Page 40.80 – Changes/addition Page 50.40 – Change Page 50.50 – Deletion Pages 60.10 to 60.30 – Additions Page 60.20 – Additions Page 60.30 – Additions Pages 60.40/60.41 – Addition Page 60.50 – Multiple deletions/additions Pages 67.10 to 67.30 – Additions Page 70.21 – Addition Page 70.38 – Multiple additions Page 80.20 – Addition/deletion Page 93.30 – Deletion Page 93.40 – Deletion Page 93.50 – Deletion
Section IX	Appendix C – Additions Appendix D – Addition/deletion Appendix E – Addition/multiple deletions Appendix F – Deletions/change

2012 Annual Return

Page	Changes
10.16	Annual Corporate Information (Quebec) page – Added
10.17	Annual Corporate Information (all provinces) page – Added
10.41, 10.42	Multiple changes/additions
10.60	Line 74 – Added
20.10	Lines 10 and 52 – Wording change; Line 26 – Deleted
20.20	Line 08 – Deleted; Line 18 – Wording change Line 59 – Added
20.30, 92.30	Line 60 – Deleted
20.42	Lines 31 and 71 – Added
20.54	Multiple changes/additions Lines 03 and 23 – Deleted
20.70	Auditor Reports page – Added
20.80	Appointed Actuary's Report page – Added
30.70, 30.71	Multiple changes/deletions/additions
30.73	Capital page – Added
40.07	Lines 02 and 30 – Wording change Line 07 – Deleted
40.12, 40.22	Multiple changes; Line 35 – Added
40.32	Multiple changes
40.42	Line 79 – Wording change
40.70	Column 04 – Wording change
40.80	Page title – Change
50.40	Multiple datapoints – Deleted
50.50	Lines 08 and 09 – Deleted
60.10, 60.21, 60.30, 67.10, 67.20, 67.30, 67.31, 93.11, 93.20, 93.30, 93.35, 93.40, 93.50	Lines 03 and 32 – Wording change Lines 04, 05 and 33 – Added
60.20, 93.10	Multiple changes/additions
60.50	Multiple changes/deletions
70.21	Line 49 – Wording change
80.20	Column 06 – Wording change
90.70	Line 49 – Wording change
92.10	Lines 10 and 52 – Wording change Line 26 – Deleted Lines 54 and 56 – Added
92.20	Line 08 – Deleted Line 18 – Wording change
92.42	Lines 11, 31, 51 and 71 – Added
93.30, 93.40, 93.50	New OSFI pages

2013 Interim Return

Page	Changes
20.10	Line 10 – Wording change
20.20	Line 59 – Added
20.42, 92.42	Multiple changes/additions
20.54	Multiple changes/additions Lines 03 and 23 – Deleted
30.70	Lines 42 and 44 – Added Line 18 – Deleted
30.71	Lines 06 and 07 – Wording change
30.73	Multiple changes
40.07	Lines 02 and 30 – Wording change Line 07 – Deleted
40.80	Page title – Change
50.40	Multiple datapoints – Deleted
60.20, 93.10	Multiple changes/additions
60.21, 60.30, 67.10, 67.20, 67.30, 67.31, 93.11, 93.20, 93.30, 93.40, 93.50	Lines 03 and 32 – Wording change Lines 04, 05 and 33 – Added
92.10	Line 10 – Wording change Lines 54 and 56 – Added
93.30, 93.40, 93.50	New OSFI pages

2011 Updates

The following changes have been made during the course of the 2011 year:

Instructions

Section	Changes
Section I	Accounting Principles – Updated Annual and Interim Returns – Updated
Section II	General – Updated Filing Requirements – Updated (table deleted and moved to Section V) Mailing Addresses/Electronic Filing – Updated Interim Returns – Updated
Section III	Derivative Instruments/Expected Claims Ratio – Deleted IFRS/In Arrears (Receivables) – Updated Registered and Unregistered Insurer – Updated Selected Claims Ratio – Deleted Substantial Investment – Updated
Section IV	Facility, FA, FARSP and PRR – Updated Refer to Section V – Updated
Section V	General Instructions – Updated N.B., Quebec, Saskatchewan, Alberta, B.C., Yukon – Updated Mailing Addresses – Added Filing Requirements for Each Province – Added
Section VI	Readers are encouraged to completely review the 2011 updates for this section – Updated
Section VII	Updated

2011 Annual Return

Significant changes were made to the Annual Return in accordance with the new International Financial Reporting Standard (IFRS).

The following pages have been added: 40.07, 40.12, 40.22, 40.32, 40.42, 40.52, 92.10, 92.20, 92.30, 92.40, 92.40, 92.42, 93.10, 93.11, 93.20, 93.30, 92.35, 93.40, 93.50, 93.60, 93.61.

The following pages have been deleted: 19.10, 40.10, 40.20, 40.30, 40.35, 40.40, 40.45, 40.49, 40.50, 40.60, 40.70.

2012 Interim Return

Additional changes were made to the Interim Return in accordance with the new International Financial Reporting Standard (IFRS), as well as changes to the minimum capital test (MCT) pages in accordance with the new 2012 MCT Guideline.

The following pages have been added: 30.73, 50.40, 60.30, 93.10 and 93.11.

Page 19.10 has been deleted.

2010 Updates

The following changes have been made during the course of the 2010 year:

2010 Instructions

Section	Changes
Section I	Foreign Branches (P&C-2) – Updated
Section III	Definition of Registered and Unregistered Insurer – Updated Definition for Unregistered Reinsurer – Added
Section IV	Letters of Credit – Updated
Section V	Quebec – Updated Federal – Updated
Section VI	Transition instructions for page 20.42 – Deleted Reference under page 40.07, column 03 – Updated Instructions for page 40.07, lines 60 and 61 – Updated Reference under page 40.10, column 12 – Updated Instructions for page 40.80 – Updated Instructions for page 60.10, line 80 – Added Instructions for page 60.30, line 80 – Added Instructions for pages 60.40 and 60.41 – Updated Instructions for page 60.50 – Updated Instructions for page 70.38, column 12 – Updated Instructions for page 70.38, column 16 – Updated Instructions for pages 90.21, 90.22, 90.23, 90.62, 90.64 and 90.66 – Deleted Instructions for page 90.70 – Updated
Section IX	Appendix I – Interim Return Instructions – Updated

2010 Annual Return

Page	Changes
19.10	Line 32 "Other - Classified as Broker Loans" – Added
60.10, 60.30	Line 80 "Out of Canada Liabilities" – Added
90.15	General Instructions – Updated
90.21, 90.22, 90.23, 90.62, 90.64, 90.66	Deleted

2011 IFRS Instructions

Section	Changes
Section I	Accounting Principles – Added Consolidated Financial Statements – Added Generally Accepted Accounting Principles (GAAP) – Deleted
Section II	General Filing Requirements – Updated
Section III	Definitions – Updated
Section IV	Self-Insured Retention – Updated Structured Settlements – Updated
Section V	Federal (Letters of Credit) – Updated
Section VI	Section VI (significant changes were made throughout the entire section) – Updated
Section IX	Appendix I – Interim Return Instructions – Updated Appendix K – MCT – Capital Required for Structured Settlements, Letters of Credit, Derivatives and Other Exposures – Updated

2011 Interim Return

Significant changes were made to the Interim Return in accordance with the new International Financial Reporting Standard (IFRS).

The following new "non-consolidated" pages have been added to the Interim Return: 92.10, 92.20, 92.30, 92.40, 92.42, 93.20, 93.30, 93.40, 93.50.

New automobile breakdown has been added to pages 60.20, 60.21, 67.10, 67.20, 67.30 and 67.31 as well as new pages 93.30, 93.40, 93.50.

Pages 30.70, 30.71 and 70.38 have been modified in accordance with new letters of credit guideline.

2009 Updates

The following changes have been made during the course of the 2009 year:

Instructions

Section	Changes
Section II	Filing Requirements – Updated
Section V	Nova Scotia – Updated Manitoba – Updated Saskatchewan – Updated Alberta – Updated Yukon – Updated Federal – Updated
Section VI	Instructions for page 20.52 – Added Wording "80% of the market value" to "80% of the loan to value ratio" under lines 03 and 04 for page 40.07 – Changed Instructions for page 60.20 – Added
Section IX	Appendix A – Updated Appendix I – Interim Return instructions – Updated

2009 Annual Return

Page	Changes
10.41	Question #77 – Deleted
19.10	Details of Assets page – Added
20.10, 20.30	Reference to page 40.07 – Updated
20.52	Footnote – Added
40.07	Wording "80% of the market value" changed to "80% of the loan to value ratio" under line 03 – Changed
50.20, 50.30	Wording "for Doubtful Accounts" – Deleted
50.50	Line 76 "Employment Benefits" – Added
60.20	Wording "at year end" under column 21 – Added
80.20	Wording "for Doubtful Accounts" – Deleted

2010 Interim Return

Page	Changes
19.10	Details of assets page – Added
40.07	Wording "80% of the market value" changed to "80% of the loan to value ratio" under line 03 – Changed
60.20	Wording "at end of period" under column 21 – Added

2008 Updates

The following changes have been made during the course of the 2008 year:

Instructions

Section	Changes
Section V	Quebec – Updated
Section VI	Instructions under line 43, page 20.30 regarding interest on financing activities – Added Instructions for line 16, page 20.40 – Added Instructions for pages 30.40 and 30.45 – Deleted Wording "75%" to "80%" under lines 03 and 04 for page 40.07 – Changed Wording "unaffiliated" added to page 50.20 instructions – Added Instructions for page 60.21 – Added Instructions under pages 67.10 to 67.30 regarding the location of risk; instructions for page 67.31 – Added Instructions for page 70.35 – Deleted
Section IX	Appendix A – Updated Appendix F – Instructions under File Name – Updated Appendix G – Instructions under File Naming and Record Layout – Updated Appendix G – Validation Report – Updated Appendix I – Filing Deadlines/Requirements for Quebec – Updated Appendix I – List of Interim Return pages – Updated

2008 Annual Return (only)

Page	Changes
10.10	Line 09 "Website" under "Insurer general information" – Added
10.41	Question #79 – Added
20.10	"Unaffiliated" on line 20 – Added
20.42	Wording "Net of Income Taxes" – Deleted
20.52	Line 23 "Fair value (gains) losses on held for trading assets" – Added
50.20	"Unaffiliated" in page title – Added
60.21, 67.31	"Undiscounted" pages – Added
60.41	Wording "2002" and "2003" in columns 09 to 12 – Deleted

2008 Annual and 2009 Interim Returns

Page	Changes
20.40	Line 16 "(Please specify)" – Added
30.40, 30.45, 30.47, 70.35	Quebec-only pages – Deleted
40.07	Wording "≤ 75%" changed to "≤ 80%" – Changed
60.20	Column 21 "Number of Policies" – Added

2007 Updates

The following changes have been made during the course of the 2007 year:

Instructions

Section	Changes
Section II	Manitoba – Updated Electronic Filing and Amended Annual Returns – Changed
Section III	Unrecognized (Assets and Liabilities) – Added
Section IV	Type 3 under Structured Settlements – Deleted CICA Handbook references – Changed
Section V	Quebec – 40.05 Summary of Investments and Limits changed to 40.07 Summary of Investments – Changed Manitoba – Updated Ontario – Updated
Section VI	Readers are encouraged to completely review the 2007 updates for this Section – Updated
Section VIII	Delivery address changed to 12th floor – Changed
Section IX	Appendix A – Updated Appendix F – Word "diskette" – Deleted Appendix G – Readers are encouraged to completely review the 2007 updates for this appendix – Updated Appendix H – Word "diskette" changed to "file" or "ASCII file" – Changed Appendix I – Word "diskette" changed to "file" – Changed Appendix I – List of Interim Return pages – Updated Appendix I – Instructions for pages 30.70, 40.05, 70.35/70.38 and 80.10 – Deleted Appendix I – Reference to page 40.05 to 40.07 – Changed Appendix K – Wording "off-balance sheet exposures" changed to "structured settlements, letters of credit, derivatives and other exposures" and related instructions – Changed
Section X	Deleted

2007 Annual Return

The following pages include comprehensive changes that were made to the Annual Return in accordance with the new Financial Instruments Accounting Standard: pages 10.42, 20.20, 30.40, 30.70, 30.71, 40.10, 40.20, 40.30, 40.35, 40.40, 40.45, 40.49, 40.50, 40.60, 40.70, 40.80, 50.40, 50.50 and 70.38.

Page	Changes
20.42	Page – Added
40.05	Page – Deleted
40.07	Page – Added

2008 Interim Return

Page	Changes
20.30	Line 33 - Realized Gains (Losses) – Changed
20.42	Wording "net of Income Taxes" – Deleted
40.07	Column 15 - Realized Gains (Losses) – Changed "Unrealized" in column 19 – Added

2006 Updates

The following changes have been made during the course of the 2006 year:

Instructions

Section	Changes
Section VI	Page 30.71, "Canadian Bond Rating Service" and footnote – Deleted Reference to page 90.62 – Deleted
Section VIII	Committee name to "CCIR Forms Committee" – Changed
Section IX	Appendix A – Updated

2006 Annual and 2007 Interim Returns

There are no changes to either the Annual or the Interim Returns.

2005 Updates

The following changes have been made during the course of the 2005 year:

Instructions

Section	Changes
Section II	Paragraph (v) amended to read : "Pages containing no data are to be included with the filed Return(s), except for the out-of-Canada exhibits on pages 90.21 through 90.70." – Amended
Section V	"Autorité des marchés financiers" – Deleted Page 60.41 added to the list of pages to complete, under Special Reporting, paragraph (a) – Added Wording "for those subsidiaries and affiliates reported on Page 20.10, line 40" added to the end of the sentence under "Financial Statements of Subsidiaries and Affiliates" – Added Paragraph starting "Except otherwise advised …" (regarding the MCT) – Deleted "(Applicable after Regulation has been passed)" under Guidelines, Bulletin No. 01/03 – Deleted "Financial Institutions Forms Regulation"; numbering of Regulations (i.e. 1-16) – Deleted
Section VI	Sentence in Line 01, "It does not include guaranteed investment certificates or term deposits that are not cash equivalents, which are to be included on page 20.10, line 04." – Amended Sentence "All insurers that transacted any business in any foreign jurisdiction are required to complete pages 90.15 and 90.62." – Deleted
Section IX	Appendix A – Updated

2005 Annual Return

Page	Changes
10.40	Question in item 35: "Is the insurer licensed in, or does the insurer cover risks in any foreign jurisdiction?" included in reference to page 90.62 – Amended; Added
20.10 and 90.21	Words "and Partnerships" on line 25 – Added
90.15	The first sentence, "The exhibit below, and page 90.62, are to be completed if the insurer is licensed in, or covers risks in any foreign jurisdiction" was amended. The words "(if applicable)" were added to the column "Date of Licensing."

2004 Updates

The following changes have been made during the course of the 2004 year:

Instructions

Section	Changes
Section II	Deadlines – Updated
Section IV	Replaced reference to "reserve" with "capital required" – Amended Requirement for and reference to confirmation letter for letters of credit – Deleted
Section V	Prince Edward Island – Updated Nova Scotia – Updated Replaced "IGIF" with "Autorité des marchés financiers" – Amended Pages 30.47, 60.40, 70.21 under (a) – Added Wording "and affiliates" – Added New paragraph on minimum capital test (MCT) – Added Saskatchewan – Updated Alberta – Updated
Section VI	Page 20.10, line 37 – clarification on "discounting" – Added Page 30.71, line 32 – "or affiliate" – Deleted Page 30.71, line 33 – replace "Financial Institution" with "Subsidiary" – Amended Instructions for completing page 60.41 – Added Instructions on page 67.10, line 01, "Licensed (Y/N)" – Added
Section IX	General – Updated Appendix A – Updated Appendix I – Line 22 – Instructions replaced with reference to instructions for page 30.70 – Amended Appendix L – Sample letter regarding letters of credit – Deleted

2004 Annual Return

Page	Changes
10.42	Line 30 – reference to Section IV corrected to Section VI – Amended
90.15	Page 90.66 added to note – Added

2003 Updates

2003 Annual Return and Instructions

Significant changes have been made to the Annual Return, and to most sections of the instructions for 2003. Please refer to the Special Table of Contents on OSFI's website for a summary of the Annual Return pages affected.

All readers are encouraged to completely review the 2003 updates in the instructions, and the 2003 edition of the Annual Return.

2004 Interim Return

Comprehensive changes were also made to the Interim Return, effective with filings due for the first quarter of 2003. Please refer to the previous page of these instructions ("2002 Updates") for details.

2002 Updates

The following changes have been made during the course of the 2002 year:

Instructions

Section	Changes
Section II	Newfoundland and Labrador: diskette required; footnote "F", "PN", "PO", "PA" and "PB" – Added
Section V	Newfoundland and Labrador: paragraph on Actuary's Report – Amended Paragraph on Statutory Filings by Federally Registered Insurers – Added
Section IX	Regulators – Updated Appendix I – Interim Return Instructions – Updated

2002 Annual and 2003 Interim Returns

The Interim Return includes significant changes, mainly resulting from the replacement of the minimum asset test with the minimum capital test (MCT); note that pages 30.40, 30.45, 30.47 and 70.35 will be retained until Quebec legislation for MCT is enacted. Highlights are as follows:

Page	Changes
20.20	Categories and descriptions updated to reflect GAAP – Updated
20.40	Exhibit "Reserves" – Added
30.10 - 30.30	Minimum asset test and related pages – Deleted
30.47	DPAE portion of deleted page 30.15 for insurers licensed in Quebec – Retained
30.70 - 30.71	Minimum capital test – Added
40.05	"Summary of Investments and Limits" mainly replaces deleted page 40.90 – Added
40.90	"Summary of Investments – Portfolio Limits" – Deleted
60.20	Two classes of insurance: Credit Protection and Other Approved Products – Added
70.30	"Reinsurance Ceded to Unregistered Insurers – Canadian Business" – Deleted
70.35	"Out of Canada" changed to "Total Business – Insurers Licensed in Quebec" – Changed
70.38	New page: "Reinsurance Ceded to Unregistered Insurers – Total Business" combines former pages 70.30 and 70.35 to calculate capital required for the MCT – Added

2001 Updates

The following changes have been made during the course of the 2001 year:

Instructions

Section	Changes
Section II	Paragraph xii: "(refer to Section V)" – Added
Section IV	Wording "receivables" changed to "recoverables" – Changed
Section V	Paragraph on "Auditor's Report to shareholders / policyholders" – Added (change in filing requirement for federal insurers)
Section VI	"1998" changed to "current year" – Changed Instructions on Other Investments, page 40.80 – Added
Section IX	List of appendices – Added Regulators – Updated Appendix G – Extension "NUM" added to the example of a file name – Added Appendix G – Instructions related to extensions – Deleted Appendix I – Federal filing deadlines for insurers changed to "Within 45 days" – Changed

2001 Annual and 2002 Interim Returns

There are no changes to either the Annual Return or the Interim Return.

2000 Updates

The following changes have been made during the course of the 2000 year:

Instructions

Section	Changes
Section II	Financial Statements of Subsidiaries – refer to Section V – Added Requirements for Newfoundland, Alberta and British Columbia – Amended Nunavut – Added
Section V	Most provinces and territories no longer require federally regulated P&C companies to file a full Actuary's Report with their Annual Return – Amended Alberta requirements – Updated British Columbia requirements – Updated Nunavut – Added
Section VI	Additional instructions on SIRs – Added
Section IX	Regulators' websites – Added

2000 Annual Return

Page	Changes
20.10, etc.	"Deferred Income Taxes" changed to "Deferred / Future Income Taxes" – Amended
60.10, 60.20, 60.30, 90.61, 90.62, 90.63	Retrocessions(line 99) – Deleted
65.10, 65.11, 90.66, 90.67	"Accident and Sickness" exhibits and applicable instructions – Deleted

2001 Interim Return

Page	Changes
20.10, etc.	"Deferred Income Taxes" changed to "Deferred / Future Income Taxes" – Amended

1999 Updates

The following changes have been made during the course of the 1999 year:

Instructions

Section	Changes
Section IV	Reporting of an amount recoverable under a SIR changed from page 20.10, line 27 to line 37 – Amended
Section VI	Instructions related to "columnar" Corporate Organization Chart – Deleted New question on Annual Return, page 10.41, line 76 – Added Instructions transferred from Annual Return, page 10.42, line 01 – Added Instructions transferred from Annual Return, page 10.42, lines 10, 15 and 20 – Added Reporting of instalment premiums receivable, page 20.10 – Amended
Section IX	Nunavut – Added Appendix M – Corporate Organization Chart (example) – Deleted

1999 Annual Return

Page	Changes
10.20	"Capital" changed to "Share Capital" – Amended Lines 10, 11 and 29 – Deleted
10.30	Corporate Organization Chart: "columnar" method of reporting discontinued, replaced by "conventional" method – Amended
10.40	Information on changes to bylaws – Added
10.41	Question on portfolio transfers, etc. – Added Request for number of employees – Deleted
10.42	Instructions for lines 01, 10, 15 and 20 transferred to Annual Return instructions, Section VI – Deleted
10.50	Nunavut – Added
20.50, 20.51	Statement of Changes in Financial Position – Deleted (replaced by page 20.52)
20.52	Statement of Cash Flows – Added
40.49	Nunavut – Added
40.80	Lines 01, 02, 03 and 04 and footnote – Deleted (Interim Return also)
67.10-67.30	Nunavut – Added

1998 Updates

The following changes have been made during the course of the 1998 year:

Instructions

Section	Changes
Section IV	Structured Settlements: summary and reference to OSFI guideline – Added
Section V	Insurers licensed in Quebec to file a second version of page 67.10 – Added Quebec insurers to complete page 30.15, lines 34 and 35 – Added References to Insurance Act (Ontario) – Changed Guideline Accounting for Structured Settlements – Added
Section VI	Instructions for reporting earthquake reserves – Added Reporting reimbursements of adjustment expenses – Revised
Section IX	Regulators' names and addresses – Updated
Section X	Actuary's Report and Auditor Report – Added

1998 Annual and 1999 Interim Returns

Page	Changes
30.40	Earthquake reserve – Added

1997 Updates

The following changes have been made during the course of the 1997 year:

Instructions

Section	Changes
Section II	Manitoba filing requirements – Amended
Section IV	SIR reporting – Changed
Section V	Federal regulations – Added Federal guidelines and bulletins – Added Dividends declared to shareholders - federal requirement – Added Federal letter of credit (form) – Changed
Section VI	Instructions on health care costs on page 20.30, line 10 – Added
Section IX	Regulators' names and addresses – Updated Appendix L – standard letter for letters of credit – Updated

1997 Annual and 1998 Interim Returns

Page	Changes
30.60	Page deleted because limit of shareholder dividends revoked from federal legislation – Deleted