Canadian Life and Health Insurance Association Inc. / Association canadienne des compagnies d'assurances de personnes inc.
Registration:
6
of
67
(2010-02-16
to
2010-04-05)
Legislative Proposal, Bill or Resolution
- Bill C-27, Electronic Commerce Protection Act, with respect to restrictions on requesting consent via electronic communication, the definiton of "existing business relationship".
- Budget Implementation Act, 2008: requesting that the government provide for non-commutable annuities as Tax Free Savings Accounts
- Section 225.2 of the Excise Tax Act with respect to the removal of the GST input tax credit restrictions for financial institutions.
Policies or Program
- CRTC National Do Not Call List: clarifying interpretation of the Unsolicited Telecommunications Rules as they apply to life and health insurers and their agents.
- Canada Pension Plan (CPP) as it relates to disability benefits.
- Competition Bureau Generic Drug Sector Study Report as it relates to Generic Drug Pricing and the pursuit of purchasing strategies to obtain the best pricing for Canadians for drugs and vaccines
- Employment Insurance (EI) reform as it relates to disability benefits.
- Health Care reform as it relates to a patient-focussed approach, affordable prescription drugs, wellness and disease prevention and long term care needs of Canadians.
- Income Tax Act: technical changes regarding the treatment of life insurance companies and to update rules for life and health insurance policies to reflect product evolution.
- International Trade with respect to opening trade relations, regulations, foreign ownership and national treatment in foreign markets, with regards to India, Europe and China.
- National Pharmaceutical Strategy with respect to catastrophic drug coverage, the establishment of a national drug formulary, access to breakthrough drugs, e-prescribing and electronic health records.
- OSFI Advisory on Innovative Tier 1 instruments as it relates to life and health insurance companies
- Patented Medicine Prices Review Board draft revised Excessive Price Guidelines with respect to standards for drug pricing.
- Personal Information Protection and Electronic Documents Act: seeking workable approaches to privacy rules affecting life and health insurers when the Act is updated.
- Pre-budget submissions to the Standing Committee on Finance relating to competitiveness of Canada's tax system.
- Retirement income recommendations with respect to minimum withdrawal requirements for Registered Retirement Income Funds (RRIFs) and deferral of maturity date for Registered Retirement Income Plans (RRSPs).
- Tax Free Savings Accounts (TFSA) Advertising Campaign with respect to ensuring that it be inclusive of insurance companies.
Regulation
- Discussion Paper on Office of the Superintendent of Financial Institutions' Regulatory and Supervisory Approach to Reinsurance seeking workable and practical approaches to reinsurance rules applicable to life and health insurers.
- Electronic Documents Regulations under the Insurance Companies Act regarding improving electronic communications between insurance companies and its policyholders.
- International Financial Reporting Standards (IFRS) - with respect to changes that life and health insurers will have to make to their accounting rules.
- Legislative and Regulatory Framework for private pension plans subject to the Pension Benefits Standards Act, 1985 with respect to the entire framework and in particular, principles-based vs. rules-based approach, generalized application of prudential standards, standards of care, legislative and regulatory harmonization with other jurisdictions, segregation of Defined Benefit (DB) and Defined Contribution (DC) rules, stimulating pension participation, alternative plan designs, use of surplus, safe harbour proposals, revision of investment rules, variable benefits, administrative streamlining, transfers of plan assets, and unlocking of individual entitlements.
- OSFI Draft disclosure guideline for defined contribution pension plans with respect to all aspects of the guideline and in particular, communication and disclosure processes.
- OSFI Minimum Continuing Capital and Surplus Requirements (MCCSR) as it relates to life and health insurance companies.
- Office of the Superintendent of Financial Institutions' Revised Advisory on Insurance in Canada: to obtain clarification on the applicability of the Advisory to different types of foreign branch companies and to group insurance.
- Policyholder Disclosure Regulations under the Insurance Companies Act regarding disclosure for participating policies and adjustable policies.
- Privacy Commissioner of Canada guideline on covert video surveillance with a view to having workable provisions for life and health insurers.
- Promotion of risk-based and principles-based regulation for financial institutions in the context of the current financial crisis.