Published : Dec-2019
No. of Pages : 100
1 INTRODUCTION
1.1 What is this Report About?
1.2 Definitions
2 GOVERNANCE, RISK AND COMPLIANCE
2.1 Legislation Overview and Historical Evolution
2.2 Latest Changes in Regulation
2.3 Legislation and Market Practice by Type of Insurance
2.3.1 Life insurance
2.3.2 Property insurance
2.3.3 Motor insurance
2.3.4 Liability insurance
2.3.5 Marine, aviation and transit insurance
2.3.6 Personal accident and health insurance
2.4 Compulsory Insurance
2.4.1 Motor third-party liability insurance
2.4.2 Marine liability insurance
2.4.3 Workmen's compensation
2.4.4 Aviation liability insurance
2.4.5 Liability insurance for ships with respect to oil pollution
2.4.6 Professional indemnity insurance for insurance brokers
2.4.7 Liability insurance for medical malpractice
2.5 Supervision and Control
2.5.1 International Association of Insurance Supervisors
2.5.2 Office of the Superintendent of Financial Institutions Canada
2.5.3 Canadian Council of Insurance Regulators
2.5.4 Canadian Life and Health Insurance Association Inc
2.5.5 Insurance Bureau of Canada
2.5.6 Insurance Brokers Association of Canada
2.6 Non-Admitted Insurance Regulations
2.6.1 Overview
2.6.2 Intermediaries
2.6.3 Market practices
2.6.4 Fines and penalties
2.7 Company Registration and Operations
2.7.1 Type of insurance organization
2.7.2 Establishing a local company
2.7.3 Foreign ownership
2.7.4 Types of license
2.7.5 Capital requirements
2.7.6 Solvency margin
2.7.7 Reserve requirements
2.7.8 Investment regulations
2.7.9 Statutory return requirements
2.7.10 Fee structure
2.8 Taxation
2.8.1 Insurance premium or policy taxation
2.8.2 Withholding taxes on premium paid overseas
2.8.3 Corporate tax
2.8.4 VAT
2.8.5 Captives
2.9 Legal System
2.9.1 Introduction
2.9.2 Access to court
2.9.3 Alternative dispute resolution (ADR)
3 APPENDIX
3.1 Methodology
3.2 Contact GlobalData
3.3 About GlobalData
3.4 GlobalData's Services
3.5 Disclaimer
List of Tables
Table 1: Insurance Industry Definitions
Table 2: Canada - Insurance Regulatory Framework Key Features
Table 3: Canada - Life Insurance Regulatory Framework
Table 4: Canada - Property Insurance Regulatory Framework
Table 5: Canada - Motor Insurance Regulatory Framework
Table 6: Canada - Liability Insurance Regulatory Framework
Table 7: Canada - Legislations Governing Automobile Insurance in Each Province and Territory
Table 8: Canada - Workmen's Compensation
Table 9: Canada - Minimum Cover for Aircraft Public Liability Per Accident Per Aircraft
Table 10: Canada - Minimum Cover for Aircraft Public Liability Per Accident Per Aircraft
Table 11: Canada - Non-Admitted Insurance Regulatory Framework
Table 12: Canada - Capital Requirement for Insurers in Each Province and Territory
Table 13: Canada - Solvency Margin Requirements for Federally Regulated Insurance Companies
Table 14: Canada - Long-Term Ratings for Life Insurance Companies
Table 15: Canada - Short-Term Ratings for Life Insurance Companies
Table 16: Canada - Fees Applicable for Insurers Operating in Quebec
Table 17: Canada - Insurance Premium Taxation
Table 18: Canada - Corporate Tax Rates for the Financial Year 2019
Table 19: Canada - Provincial corporate income tax
Table 20: Canada - Sales Tax on Insurance Premium
List of Figures
Figure 1: Canada - Insurance Supervision and Control at Various Levels
Figure 2: Canada - Insurance Regulatory Frameworks for Company Registration and Operation
Figure 3: Canada - Solvency Framework in Different Provinces and Territories
Figure 4: Canada - Judiciary System
