Registry of Lobbyists
Version 3 of 11 (2000-05-23 to 2000-10-17) was submitted prior to the Lobbying Act coming into force on July 2, 2008. Due to different information requirements at that time, the registration is presented in the following format.
| Organization: |
PROPERTY & CASUALTY INSURANCE COMPENSATION CORPORATION
20 RICHMOND STREET EAST, SUITE 210 TORONTO, ON M5C 2R9 Canada |
| Telephone number: | 416-364-8677 |
| Fax number: | 416-364-5889 |
| Responsible officer name and position during the period of this registration: | ALEX KENNEDY, PRESIDENT & CHIEF EXECUTIVE OFFICER |
| Description of the organization's activities: | PROPERTY & CASUALTY INSURANCE COMPENSATION CORPORATION (PACICC) IS A NON-PROFIT CORPORATION FUNDED BY PRIVATE PROPERTY AND CASUALTY (P&C) INSURANCE COMPANIES LICENSED TO OPERATE IN A PROVINCE OR TERRITORY OF CANADA. PACICC'S MANDATE IS TO RESPOND TO AND PAY CLAIMS OF POLICYHOLDERS AND CLAIMANTS UNDER MOST POLICIES ISSUED BY P&C INSURANCE COMPANIES IN THE EVENT OF AN INSOLVENCY OR BANKRUPTCY OF THE ISSUING P&C INSURANCE COMPANY, TO A LIMIT OF $250,000 FOR LOSSES ARISING FROM A SINGLE OCCURRENCE, AND TO REFUND 70% OF A CLAIM FOR UNEARNED PREMIUM UP TO A MAXIMUM UNEARNED PREMIUM OF $1000 I.E. THE MAXIMUM PAYMENT WOULD BE $700. |
| Organization's membership or classes of membership: | MEMBERSHIP IN PACICC IS MANDATORY FOR ALL P&C INSURERS LICENSED IN A PROVINCE OR TERRITORY OF CANADA, UNLESS THEY ARE MEMBERS OF ANOTHER AUTHORIZED PLAN. EXCEPTIONS INCLUDE INSURERS LICENSED TO SELL ONLY SPECIALTY LINES OF INSURANCE SUCH AS SURETY, FIDELITY, MARINE AND AVIATION. |
| Was the organization funded in whole or in part by any domestic or foreign government institution in the last completed financial year? | No |
| Name: | RANDALL BUNDUS |
| Position title: | VICE PRESIDENT, SECRETARY-TREASURER & COUNSEL |
| Public offices held: | N/A. Disclosure of this information was not a requirement prior to June 20, 2005. |
| Name: | JIM CERASANI |
| Position title: | FINANCIAL CONSULTANT |
| Public offices held: | N/A. Disclosure of this information was not a requirement prior to June 20, 2005. |
| Name: | ALEX KENNEDY |
| Position title: | PRESIDENT & CHIEF EXECUTIVE OFFICER |
| Public offices held: | N/A. Disclosure of this information was not a requirement prior to June 20, 2005. |
| Federal departments or organizations which have been or will be communicated with during the course of the undertaking: | Finance Canada (FIN), OFFICE OF THE SUPERINTENDENT OF FINANCIAL INSTITUTIONS, Revenue Canada (RC) |
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Communication techniques that have been used or are expected to be used in the course of the undertaking:
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Informal communications, Meetings, Presentations, Telephone calls, Written communications, whether in hard copy or electronic format |
| Subject Matter: Areas of Concern: | Consumer Issues, Financial Institutions, Industry, INSURANCE, Taxation and Finance |
| Subject Matter: Retrospective: | COMMUNICATION WITH AND REPRESENTATIONS TO FINANCE CANADA, REVENUE CANADA AND OSFI REGARDING EARTHQUAKE AND TAXATION ISSUES; COMMUNICATION WITH OSFI AND FINANCE CANADA ON GENERAL INSURANCE ISSUES, INCLUDING STANDARDS OF SOUND BUSINESS AND FINANCIAL PRACTICES, AND CLASSES OF INSURANCE. |
| Subject Matter: Prospective: | COMMUNICATION WITH AND REPRESENTATIONS TO FINANCE CANADA, REVENUE CANADA AND OSFI REGARDING EARTHQUAKE AND TAXATION ISSUES; COMMUNICATION WITH OSFI AND FINANCE CANADA ON GENERAL INSURANCE ISSUES, INCLUDING STANDARDS OF SOUND BUSINESS AND FINANCIAL PRACTICES, AND CLASSES OF INSURANCE. |