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Chapter 20 Segregated Funds Questions and Answers 100% Pass
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Which body is responsible for ensuring that federally regulated insurance companies are adequately capitalized under the requirements of the federal Insurance Companies Act? A. CLHIA 0% B. Assuris C. OSFI D. IIROC C.A federal regulatory body, the Office of the Superintendent of Financial Institutions (OSFI), is responsible for ensuring that federally regulated insurance companies are adequately capitalized. The federal Insurance Companies Act governs these solvency requirements. Segregated fund contracts are subject to the OSFI guidelines on guarantee provisions. These rules are set out in OSFI's guidelines respecting equity-li
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