CLHIA response to CCIR's Travel Insurance Products Issues PaperRelease Date: 09/30/2016 Staff Reference: Joan Weir; Stephen Frank
September 30, 2016
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Re: CLHIA Response to CCIR Travel Health Insurance Products Issues Paper
The Canadian Life and Health Insurance Association Inc. (CLHIA) appreciates the opportunity to provide comments into the Canadian Council of Insurance Regulators Issues Paper on Travel Health Insurance Products.
The CLHIA, established in 1894, is a voluntary trade association that represents the collective interests of its member life and health insurance companies. The Association's membership accounts for 99 per cent of the life and health insurance in force in Canada.
The industry provides a wide range of travel health insurance products - about 10 million Canadians are covered through stand-alone travel health insurance. In addition, coverage may also be provided through some extended health care plans. Benefits paid through all plans were $689 million in 2014...