Property & Casualty Insurance Compensation Corporation
Registration:
10
of
13
(2021-11-17
to
2022-04-07)
Legislative Proposal, Bill or Resolution
- Proposed amendments to the federal winding-up and restructuring act with regard to Part III - Restructuring of Insurance Companies
- Work with Finance Canada to develop an industry backstop mechanism in the event of major earthquake in order to mitigate risk of systemic insurance sector failure.
Legislative Proposal, Bill or Resolution, Regulation
- Possible inclusion of PACICC as an entity within the Insurance Companies Act
Policies or Program
- Collaborate with the Federal Government in the development of more effective disaster recovery/response mechanisms in contect of severe natural catastrophe
Policies or Program, Regulation
- Develop approved options for managing resolution of distressed insurers in collaboration with OSFI and DEpartment of Finance