- Consumer Issues
- Financial Institutions
- Taxation and Finance
Subject Matter Details
Legislative Proposal, Bill or Resolution
- Winding Up and Restructuring Act with respect to restructuring and winding up of life insurance companies, specifically Part 3. As we protect policyholders of life insurance companies if a company should go under the Winding-up and Restructuring Act, we're interested in ensuring that it provides appropriate policyholder protection.
Policies or Program
- Capital Standards with respect to life insurance companies to ensure that there is sufficient capital available for policyholders in the event of an insolvency.
- Financial Consumer Protection plans with respect to co-operation with other plans.
Bank of Canada
Canadian Deposit Insurance Corporation
Finance Canada (FIN)
Office of the Superintendant of Financial Insititutions
Office of the Superintendent of Financial Institutions Canada (OSFI)
Government institutions added through a monthly communication report
- Financial Consumer Agency of Canada (FCAC)
In-house Organization Details
Description of the organization's activities
Canadian Life and Health Insurance Compensation Corporation (a.k.a. Assuris) is a not for profit corporation, funded by the life insurance industry, that protects Canadian policyholders against loss of benefits due to the financial failure of a member company.
Responsible officer name and position during the period of this registration
President & Chief Executive Officer (CEO)
Organization's membership or classes of membership
Life insurance companies licensed to write life insurance in Canada are required to be members of Assuris by the regulators authorizing them to sell to the public. Members cannot terminate their membership so long as they are licensed to write business in Canada or have any in force business in Canada.
No government funding was received during the last completed financial year.
In-house Organization Contact Information
250 Yonge Street
Toronto, ON M5B 2L7
Lobbyists employed by the organization
- Gordon Dunning,
President & CEO |
No public offices held
- Michael Hale,
Senior Advisor |
Public offices held
- Josee Rheault,
Vice-President, Communications |
No public offices held