Insurance Companies Act

Insurance Companies Act updates the definition of 'regulated foreign entity' by cross-referencing the Bank Act

The definition of 'regulated foreign entity' in the Insurance Companies Act no longer contains its own standalone criteria (incorporation/formation outside Canada in a trade-agreement country plus local financial serv…

Canada's Insurance Companies Act overhauled: longer sunset, higher ownership thresholds, stronger security oversight, and new e-document rules

The federal Insurance Companies Act has been updated in several significant ways. The sunset date by which insurance companies, fraternal benefit societies, and insurance holding companies must either wind up or recei…