Registry of Lobbyists
Total Number of Communication Reports: 0
Monthly communication reports in the last 6 months: 0
Version 1 of 13 (2005-11-18 to 2006-09-14) 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: | 416-364-5998 |
| Responsible officer name and position during the period of this registration: | Paul Kovacs, 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 polices issued by P&C insurance companies in the event of an insolvency of the issuing P&C insurance company, to a limit of $250,000 for losses arising from a single occurrence, and to refund up to the lesser of 70% and $700 of unearned (unexpired) insurance premiums to policyholders of the insolvent insurer. PACICC does not respond to claims under auto insurance policies issued in Manitoba, Saskatchewan and certain auto insurance policies (extension coverage) in British Columbia and affords limited payment in respect of auto insurance policies issued in Quebec. |
| Organization's membership or classes of membership: | Membership in PACICC is mandatory for all P&C insurers licensed in a province or terrirtory of Canada, unless they are members of another authorized plan. Exceptions include insurers licensed to sell only speciality 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 and Counsel |
| Public offices held: | No |
| Name: | Jim Harries |
| Position title: | Vice President, Operations |
| Public offices held: | No |
| Name: | Paul Kovacs |
| Position title: | President & Chief Executive Officer |
| Public offices held: | No |
| Federal departments or organizations which have been or will be communicated with during the course of the undertaking: | Finance Canada (FIN), 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, Taxation and Finance | ||||
| Subject Matter: Retrospective: | Communication with and representations to Finance Canada, Revenue Canada and the Office of the Superintendant of financial institutions (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. | ||||
Details Regarding the Identified Subject Matter
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