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GFIA comments on IAIS consultation on draft issues on conduct of business in inclusive insurance

Published on 13/08/2015

International > International Association of Insurance Supervisors (IAIS) Network of Insurance Associations

GFIA comments on IAIS draft paper on issues in regulation and supervision of microtakaful (Islamic microinsurance)

Published on 13/08/2015

International > International Association of Insurance Supervisors (IAIS) Network of Insurance Associations

GFIA comments on IAIS issues paper “Conduct of business risk and its management”

Published on 13/08/2015

International > International Association of Insurance Supervisors (IAIS) Network of Insurance Associations

Submission to Health Canada regarding 'Potential Impacts of Draft Tamper-Resistance Properties of Drugs Regulations'

Published on 11/08/2015

Prescription Drug Costs > Drug pricing Provincial & territorial drug program information

Updating Pension Portability Rules for Retiring Plan Members in Ontario

Published on 10/08/2015

Pensions and Retirement > Employer pension plans

Recent changes to Ontario's Pension Benefits Act prevent defined contribution pension plan members from converting their entitlements to annuities once they pass normal retirement age, even if they are not receiving income payments from the pension plan. This submission recommends corrective, retroactive, changes to the PBA.

Submission to Finance Canada concerning the unintended scope of Bill C-377

Published on 05/08/2015

Taxation > Federal Taxation

Industry seeks amendment of section 149.01 of the Income Tax Act

CLHIA Federal Budget Submission 2016

Published on 11/02/2016

Taxation > Federal Taxation

Submission

CLHIA is pleased to respond to the New Brunswick Literacy Secretariat's consultation paper, engageNB Literacy

Published on 29/07/2015

Consumers > Financial Literacy Initiatives

The Canadian Life and Health Insurance Association (CLHIA) is pleased to respond to the New Brunswick Literacy Secretariat's consultation paper, engageNB Literacy.

CLHIA comments on the proposed regulation "Exception from Passive Income for Certain Foreign Insurance Companies"

Published on 23/07/2015

Taxation > International Taxation

Submission to the Internal Revenue Service

CLHIA recommends New Brunswick amend pension regulation to promote retirement income sustainability and harmonization with other jurisdictions

Published on 29/07/2015

Pensions and Retirement > Registered Products (RRSP, LIRA, RRIF)

Canada's life insurance industry recommends a simple regulatory amendment to reduce the risk that former members of pension plans will outlive their retirement savings

Canadian Life and Health Insurance Industry submission on Access to Prescription Drugs in New Brunswick

Published on 24/07/2015

Prescription Drug Costs > Drug pricing Provincial & territorial drug program information

Industry input to the Discussion Paper published by the Department of Health in June 2015

CLHIA's comments on the proposed Prearranged Funeral Services Act Regulation

Published on 28/07/2015

Distribution > Sales practices

Our comments on the proposed regulation relate to the provisions intended to establish special licensing requirements for funeral directors who sell prearranged funeral plans funded by insurance

Letter to the Canadian Pharmacists Association regarding an updated pharmacy claims standard

Published on 14/07/2015

Group Insurance > Regulated professions

Industry thoughts regarding our preferred governance approach for the updated claims standard.

CLHIA responds to Finance Canada consultation on the retail payments system in Canada

Published on 14/07/2015

Trade & Commerce > Payments System

CLHIA provides comments on consultation paper "Balancing Oversight and Innovation in the Ways We Pay"

Letter to David Dodge re Infrastructure and P3s

Published on 25/06/2015

Capital and Assets > Long-term investments

Canad's life and health insurance industry recommends that Alberta build on the success of Alberta Infrastructure and expand the use of P3s to fund long-term infrastructure projects.

APPOINTMENT: Mary Forrest

Published on 17/06/2015

CLHIA Governance > Board of Directors

The members of the Canadian Life and Health Insurance Association (CLHIA) have elected Mary Forrest, President and Chief Executive Officer, North America (Life) of Munich Reinsurance Company as Chair.

CLHIA Comments on FSCO Mandate Review June 2015

Published on 05/06/2015

Insurance > Provincial & Territorial Legislation

Submission on the Ontario Ministry of Finance's paper, "Review of the Mandates of the Financial Services Commission of Ontario, Financial Services Tribunal and the Deposit Insurance Corporation of Ontario"

CLHIA Comments on FSCO's Draft 2015 Statement of Priorities

Published on 08/06/2015

Insurance > Provincial & Territorial Legislation

Letter to Brian Mills, CEO and Superintendent of Financial Services (Interim)

GFIA Comments on India's Second Exposure Draft Regulations for Registration and Operations of Branch Offices of Foreign Reinsurers (excluding Lloyd’s)

Published on 12/06/2015

International > Network of Insurance Associations

Submission to the Insurance Regulatory and Development Authority of India (IRDAI)

Letter to Alberta's new Minister of Finance regarding premium taxes and long-term disabilty contracts

Published on 02/06/2015

Taxation > Provincial and Territorial Taxation

OECD's Revised Discussion Draft on BEPS Action 7 (Prevent the Artificial Avoidance of PE Status)

Published on 12/06/2015

International Taxation > Network of Insurance Associations International Taxation

GFIA response

LIFE AND HEALTH INSURANCE INDUSTRY WELCOMES NEW NATIONAL FINANCIAL LITERACY STRATEGY

Published on 09/06/2015

Consumers > Financial Literacy Initiatives

The Canadian life and health insurance industry congratulates Minister of State (Finance) Kevin Sorenson and Financial Literacy Leader Jane Rooney on today's launch of a national financial literacy strategy.

CLHIA encourages Saskatchewan to regulate massage therapists

Published on 22/05/2015

Group Insurance > Regulated professions

Submission

Insurance Association of China responds to GFIA's comments regarding C-ROSS

Published on 11/03/2015

Insurance Risk Management > Reinsurance Network of Insurance Associations

Response from the President of IAC

Submission to Ontario concerning the proposed regulations under Parts V & VII of the Insurance Act

Published on 19/05/2015

Insurance > Provincial & Territorial Legislation

GFIA Documents on OECD Discussion Draft on BEPs Action 3: Strengthening CFC Rules

Published on 01/05/2015

International > Network of Insurance Associations

The proposals in the discussion draft are complicated and conflicting, partly because they need to address both worldwide and territorial tax systems, which has resulted in inconsistencies due to the fundamental differences between the two approaches

Globe and Mail supplement April 2016

Published on 27/04/2016

Information Updates

Globe and Mail supplement April 2016

Response to Ontario Rheumatology Assocation regarding criteria for access to biologics

Published on 22/04/2015

Prescription Drug Costs > Drug pricing

Responding to the issue of harmonizing criteria for accessing biologics in rheumatoid arthritis.

LIFE AND HEALTH INSURANCE INDUSTRY WELCOMES BUDGET MEASURES

Published on 21/04/2015

Capital and Assets > Long-term investments

The Canadian life and health insurance industry welcomes a number of measures in today's federal budget. "We are particularly pleased with those aimed at enhancing opportunities for long-term investment," says President and CEO of the Canadian Life and Health Insurance Association (CLHIA) Frank Swedlove. "We support the increased funding for infrastructure, most notably the recognition that P3 alternative financing can be an effective contributor. We also support the further release of 50-year government bonds over the next year," he noted.

GFIA submission to B20 on this year’s International Trade Priorities

Published on 26/03/2015

International > Network of Insurance Associations International Trade

Highlights the importance of open markets and a level playing field in the global insurance sector.

GFIA comments on Ecuador's new regulatory and supervisory regime and the impact on the reinsurance market

Published on 13/03/2015

International > Network of Insurance Associations

GFIA believes such regulations could reduce the effectiveness of the Ecuadorian reinsurance market to support the development of the insurance industry, limit its ability to enhance the resilience of insurers and restrict the access to new modern international products and know-how.

HPRAC Consultation on Podiatry and Chiropody

Published on 20/03/2015

Group Insurance > Employee benefit plans

As an industry, we are supportive of change that assists in protection of the public and minimizing confusion. The proposed changes are a positive step towards those goals. However, these changes only address some of the concerns related to foot care in Ontario.

THE BETTER WAY - PUBLIC AND PRIVATE SECTORS WORKING TOGETHER TO REFORM PHARMACARE IN CANADA

Published on 26/03/2015

Prescription Drug Costs > Pharmacare

News Release

CLHIA Comments on OECD BEPS Action Plan 8, 9 & 10

Published on 23/02/2015

Taxation > International Taxation

The Canadian Life and Health Insurance Association comments on the Discussion Draft on Revisions to Transfer Pricing Guidelines (Risk, Recharacterization and Special Measures) that was released in December, 2014 by the OECD.

GFIA comments to the Insurance Association of China regarding recent proposals by the China Insurance Regulatory Commission

Published on 27/02/2015

International > Network of Insurance Associations

The Global Federation of Insurance Associations (GFIA) is concerned about recent proposals that would impose excessive capital charges and collateral requirements on transactions between Chinese ceding insurers and reputable, financially sound offshore reinsurers.

GFIA response to the IAIS public consultation on risk-based global insurance capital standard (ICS)

Published on 16/02/2015

International

The GFIA hopes that the IAIS finds this submission helpful in highlighting the many points of commonality in the insurance industry's thinking around the world

CLHIA Submission on Ontario Retirement Pension Plan: Key Design Questions

Published on 13/02/2015

Pensions and Retirement > Pooled registered pension plans/PRPPs (and provincial variations)

The life and health insurance industry strongly urges the government to reconsider several of the key design elements of the ORPP in order to better promote the retirement income prospects of Ontario workers

NEW DATA SHOWS MAJOR PROBLEMS WITH ORPP DESIGN

Published on 12/02/2015

Pensions and Retirement > Pooled registered pension plans/PRPPs (and provincial variations)

New research for the Canadian Life and Health Insurance Association (CLHIA) raises significant concerns about the impact of the proposed Ontario Registered Pension Plan (ORPP) on the retirement savings of Ontario workers.

GFIA Comments on OECD Transfer Pricing Discussions

Published on 06/02/2015

International > Network of Insurance Associations

Comments on OECD Discussion Draft on BEPS Actions 8, 9 and 10: Discussion draft on revisions to Chapter I of the Transfer Pricing Guidelines (including risk recharacterisation, and special measures)

GFIA comments on Chairman Otoritas Jasa Keuangan's draft regulation on the “own retention and domestic reinsurance support”

Published on 26/01/2015

International > Network of Insurance Associations

We believe the announced draft regulation will need careful analysis before implementation to avoid unintended, potentially harmful effects on Indonesia and its citizens.

GFIA Comments on OECD Discussion Draft on "BEPS Action 7"

Published on 09/01/2015

Insurance

Preventing the Artificial Avoidance of Permanent Establishment (PE) Status

CLHIA Response to the Financial Consumer Agency of Canada's (FCAC) consultation paper, "Towards a National Strategy for Financial Literacy, Phase 3: Young Canadians and Adults"

Published on 23/12/2014

Consumers > Financial Literacy Initiatives

The Canadian Life and Health Insurance Association Inc. (CLHIA) is pleased to provide comments in response to the Financial Consumer Agency of Canada's (FCAC) consultation paper, "Towards a National Strategy for Financial Literacy, Phase 3: Young Canadians and Adults".

CLHIA Proposal on a Restricted Insurance Agency Licensee (RIAL) Advisory Committee of the Saskatchewan Insurance Councils

Published on 19/12/2014

Distribution > Alternate distribution

As indicated in our June 2013 proposal, we strongly believe the purpose of the Advisory Committee would be to ensure the Councils have the benefit of expert information and advice when dealing with issues involving RIALs. The Advisory Committee approach could provide access to such expertise without adding unnecessary or burdensome additional structures.

GFIA comments on the China Risk Oriented Solvency System (C-ROSS)

Published on 18/12/2014

International > Network of Insurance Associations

These provisions would impose excessive capital charges and collateral requirements on cross-border transactions between Chinese ceding insurers and reputable, financially sound reinsurers located in foreign jurisdictions.

GFIA Response to FSB Consultation on Critical Functions

Published on 17/12/2014

International > Network of Insurance Associations

GFIA supports the FSB’s encouragement of cross-border supervisory co-operation on resolution and trying to develop a common understanding of critical services. GFIA also welcomes the recognition that critical functions would differ according to jurisdiction and to particular market conditions and the implication that a one-size fits-all approach would therefore not be appropriate.

GFIA Response to IAIS Draft Procedures

Published on 17/12/2014

International > International Association of Insurance Supervisors (IAIS)

Given the decision to close all meetings by default and to exclude stakeholders from the IAIS annual conference, GFIA members remain concerned about the lack of face-to-face communication between the IAIS and stakeholders

CLHIA Comments on FCAC's consultation paper, "Toward a National Strategy for Financial Literacy, Phase 2: Priority Groups"

Published on 10/12/2014

Consumers > Financial Literacy Initiatives

Submission to Jane Rooney, Financial Literacy Leader, FCAC

GFIA comments on India's Insurance Amendment Bill

Published on 31/10/2014

International > Network of Insurance Associations

Proposed Foreign Direct Investment increase

British Columbia's proposed regime for levying administrative monetary policies

Published on 31/10/2014

Insurance > Provincial & Territorial Legislation

Response to letter of September 9, 2014, re: comments on British Columbia’s proposed regime for levying administrative monetary penalties (AMPs).

Accounting for Dynamic Risk Management: a Portfolio Revaluation Approach to Macro Hedging

Published on 17/10/2014

Financial Reporting > International Financial Reporting Standards

Comments on the Discussion Paper Accounting for Dynamic Risk Management: a Portfolio Revaluation Approach to Macro Hedging, issued by the International Accounting Standard Board ("IASB")

Proposed Amendments to the Pension Benefits Standards Regulations and Pooled Registered Pension Plan Regulations

Published on 27/10/2014

Pensions and Retirement > Pooled registered pension plans/PRPPs (and provincial variations)

Detailed comments regarding proposed amendments to the Pension Benefits Standards Regulations and Pooled Registered Pension Plan Regulations

GFIA ICS Position for Amsterdam Observer Hearings

Published on 20/10/2014

International > Network of Insurance Associations

GFIA appreciates the chance to provide input into the process of the ICS development. The previous informal consultation and the ten principles put forward by the IAIS provide valuable insight into current IAIS thinking of the design of the ICS, and constitute a useful basis on which to exchange views.

Nova Scotia Funeral Insurance Regulation Consultation

Published on 28/10/2014

Distribution > Alternate distribution

CLHIA comments on proposals regarding the sale of funeral insurance at funeral homes

Limitation Period for the Reassessment of RRSP Trusts

Published on 21/10/2014

Pensions and Retirement > Registered Products (RRSP, LIRA, RRIF)

We are writing to you to highlight a recent change in practice within the Canada Revenue Agency (CRA) that we believe will have a chilling effect on a large proportion of the Registered Retirement Savings Plan (RRSP) market in Canada

GFIA Letter to the Australian G20 Presidency

Published on 10/10/2014

International > G20 Network of Insurance Associations

In advance of the Brisbane Summit we would like to express our support for the work of the G20 and the significant role it plays in coordinating international economic decision-making between members.

CLHIA comments regarding Alberta's discussion paper on the regulation of the financial sector

Published on 02/10/2014

Insurance > Provincial & Territorial Legislation

We strongly agree with the statement in the discussion paper that the "current system is working well; stakeholders and Albertans are being well served". As you move towards an integrated, single regulator for pensions, insurance and financial institutions, we recommend that you continue with the collaborative approach that has been successful in the past.

GFIA response to the IAIS "Draft Procedures on Meeting Participation and the Development of Supervisory and Supporting Material and Draft Policy for Consultation of Stakeholders"

Published on 02/09/2014

International > International Association of Insurance Supervisors (IAIS) Network of Insurance Associations

Letter urges the IAIS to reconsider its proposed decision to generally exclude stakeholders from IAIS meetings.

Replacement Disclosure

Published on 05/09/2014

Distribution > CLHIA Distribution guidelines and reference documents

Response to Canadian Federation of Nurses Unions' Report on Pharmacare

Published on 13/08/2014

Prescription Drug Costs > Pharmacare

GFIA Comments on Draft Issues Paper on Anti-Bribery and Corruption

Published on 15/08/2014

International > Network of Insurance Associations

Submission

GFIA Comments on IAIS Application Paper on Approaches to Conduct of Business Supervision

Published on 08/08/2014

Compliance International > Fair treatment of customers (FTC) Conduct of business (Commercial practices) International Association of Insurance Supervisors (IAIS)

GFIA commends IAIS for a thoughtful paper which provides useful examples of the variety of approaches that regulators use to support the conduct of business principles set out in ICP 19.

GFIA comments on the IAIS' second BCR consultation

Published on 08/08/2014

International > International Association of Insurance Supervisors (IAIS)

Comments on the Basic Capital Requirements for Global Systemically Important Insurers (G-SIIs)

2015 Federal Budget

Published on 05/08/2014

Capital and Assets > Long-term investments

CLHIA submission

CLHIA Comments on BIA Statutory Review

Published on 21/07/2014

Trade & Commerce > Bankruptcy Legislation

Comments on the Statutory Review of the Bankruptcy and Insolvency Act and the Companies' Creditors Arrangement Act

CLHIA Submission to IAIS on Supervisory Colleges

Published on 25/07/2014

International > International Association of Insurance Supervisors (IAIS)

The CLHIA supports the IAIS’s goals, initiatives and views on the purpose, focus and processes of supervisory colleges as outlined in paragraphs 1.2, 1.3 and 1.4.

Comments on the Accessibility for Manitobans Act (AMA)

Published on 15/07/2014

Disability > Accessibility

Feedback on Discussion Paper on an Initial Proposed Customer Service Standard.

CLHIA comments on HPRAC Initial Consultation – Chiropody and Podiatry Review

Published on 04/07/2014

Group Insurance > Paramedical benefits Regulated professions

Comments about the current model of foot care in Ontario; feedback on issues relating to the regulation of chiropody and podiatry to assist in identifying any potential changes to the existing legislation regarding these related professions.

GFIA Supports Business 20 (B20) Recommendations to G20 Trade Ministers

Published on 16/07/2014

International > Network of Insurance Associations

GFIA hopes the G20 will move forward with the actions suggested by the B20 which are outlined in this submission.

GFIA comments on Otoritas Jasa Keuangan (OJK) Letters regarding Indonesian Reinsurance Cessions

Published on 11/06/2014

International > Network of Insurance Associations

The Global Federation of Insurance Associations (GFIA) has written to Coordinating Minister Chairul Tanjung to draw attention to a recent development in Indonesia. Concerns stem from a series of informal actions undertaken by the Non-bank Financial Institutions division of the Otoritas Jasa Keuangan (“OJK”), which on December 2, 2013 sent letters to all admitted insurance companies licensed in Indonesia.

GFIA Response to the EIOPA Informal Consultation on the Supervision of Non-EEA (Third Country) Branches

Published on 02/07/2014

International > Network of Insurance Associations

The goal of achieving a consistently high level of policyholder protection, as embodied in these guidelines, is a commendable one and one we support as an industry. However, there remain several strong concerns with the guidelines as they are currently drafted, and overall we believe they are disproportionate to the aim of achieving an appropriate level of policyholder protection.

CLHIA's comments on FCAC's recent consultation paper "Toward a National Strategy For Financial Literacy - Phase 1: Strengthening Seniors' Financial Literacy"

Published on 14/07/2014

Consumers > Financial Literacy Initiatives

Our comments primarily address the first goal. We believe that creating the right conditions for seniors, indeed all Canadians, to take ownership of their financial preparedness is key to the success of the financial literacy strategy. Several important elements contribute to engagement.

Proposed Regulation to Implement Ontario's Pension Benefits Act Section 27(2)

Published on 12/06/2014

Pensions and Retirement > Employer pension plans Registered Products (RRSP, LIRA, RRIF)

Submission

Letter to the Department of Finance Re: Pension Innovation for Canadians: The Target Benefit Plan

Published on 23/06/2014

Pensions and Retirement > Retirement Income System Reviews

Letter to Ontario Ministry of Finance Re: Proposed Regulation to Implement Pension Benefits Act Section 39.1

Published on 10/06/2014

Pensions and Retirement > Employer pension plans Registered Products (RRSP, LIRA, RRIF)

Letter to Financial and Consumer Affairs Authority of Saskatchewan Re: Consultation Paper: Non-Residency Unlocking of Pension Funds

Published on 20/06/2014

Pensions and Retirement > Employer pension plans Registered Products (RRSP, LIRA, RRIF)

Letter to India's Finance Minister on foreign direct investment

Published on 11/06/2014

International > Network of Insurance Associations

Submission by the Global Federation of Insurance Associations (GFIA)

CLHIA Comments on FSCO's Draft 2014 Statement of Priorities

Published on 29/05/2014

Distribution Insurance > Advisor regulatory requirements Market conduct Federal Legislation

Proposed Changes to "financial hardship un-locking" of Alberta locked-in products

Published on 26/05/2014

Pensions and Retirement > Registered Products (RRSP, LIRA, RRIF)

Submission

Delays in Processing Applications for New and Renewal Life Licences in New Brunswick

Published on 23/04/2014

Distribution > Market conduct Sales practices

Submission

GFIA Comments on IAIS Issues Paper "Approaches to Group Corporate Governance"

Published on 24/04/2014

International > International Association of Insurance Supervisors (IAIS)

Submission

Comments on the draft regulation respecting voluntary retirement savings plans

Published on 22/04/2014

Pensions and Retirement > Pooled registered pension plans/PRPPs (and provincial variations)

Submission

Letter to OECD: Representation of Insurance Industry in National Account

Published on 14/03/2014

International > Network of Insurance Associations International Trade

Submission

Comments regarding New Brunswick's Draft Regulations concerning the Prescription and Catastrophic Drug Insurance Act

Published on 20/03/2014

Prescription Drug Costs > Catastrophic drug coverage

Submission

Letter to The Honourable Ron Lemieux Re: Greater transparency of pharmacy fees in Manitoba

Published on 13/03/2014

Prescription Drug Costs > Generic drug pricing

Submission

Letter to Senate Committee re off-label prescribing

Published on 04/03/2014

Prescription Drug Costs > Generic drug pricing

Submission

CLHIA's Proposal on Keeping Regulators Informed

Published on 04/03/2014

Compliance > Culture of compliance Self-evaluation and confidentiality

Submission

CLHIA Comments on Insurance Council of British Columbia's proposed Conflict of Interest Guidelines

Published on 24/02/2014

Distribution > Market conduct Sales practices

Submission