Who control insurance companies in canada

The Canadian Council of Insurance Regulators (CCIR) is an inter-jurisdictional association of insurance regulators. The mandate of the CCIR is to facilitate and promote an efficient and effective insurance regulatory system in Canada to serve the public interest.

Who governs Canadian insurance companies?

From: Financial Consumer Agency of Canada\n\n The Insurance Companies Act is the primary legislation governing all federally incorporated or registered insurance companies in Canada.

Who is the controlling body of insurance company?

1. Insurance Regulatory and Development Authority of India (IRDAI), is a statutory body formed under an Act of Parliament, i.e., Insurance Regulatory and Development Authority Act, 1999 (IRDAI Act 1999) for overall supervision and development of the Insurance sector in India.

Is the insurance industry regulated in Canada?

​Property and casualty (Pɪmp;C) insurance companies in Canada are regulated by federal and/or provincial regulators, called Superintendents of Insurance. Federally, the Office of the Superintendent of Financial Institutions (OSFI) regulates the solvency and financial soundness of most Pɪmp;C insurance companies.

Who monitors insurance companies in Ontario?

The Financial Services Regulatory Authority of Ontario (FSRA) is the regulatory body for Ontario's life and health insurance sector, including accident ɪmp; sickness insurance.