Revision process of the Act respecting insurance and the Act respecting trust companies and savings companies

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On April 30, 2013, the Minister of Finance and the Economy, Nicolas Marceau, tabled the Report on the Application of the Act respecting insurance and the Act respecting trust companies and savings companies. These two statutes stipulate that the Minister must report to the National Assembly on their application and make recommendations on the advisability of maintaining their provisions or amending them.

Accordingly, the report tabled today proposes a variety of improvements that could be made to these two statutes to modernize them and adapt them to the realities of the financial sector.

Press release

Public consultation

Interested experts and the public were invited by the Minister to view the proposals in this report and to submit a brief by July 1, 2013 if they wished to.

The briefs will be made available to industry stakeholders for comments. The proposals and briefs received will be taken into account for a complete revision of the two statutes.

Unless expressly requested otherwise by the author, the briefs received are published here.

Discussion Paper

Report on the Application of the Act respecting insurance and the Act respecting trust companies and savings companies.
(793.02 Kb)

Briefs tabled during the consultation

Adept Insurance Services
Brief (13 Kb)

Canadian Association of Insurance Reciprocals (CAIR)
Brief (500 Kb)

Canadian Life and Health Insurance Association Inc. (CLHIA)
Brief (1.8À Mb) [French only]

Groupe Promotuel, Fédération de sociétés mutuelles d'assurance générale
Brief (266 Kb) [French only]

Industrielle Alliance, assurance et services financiers
Brief (2.5 Mb) [French only]

Insurance Bureau of Canada (IBC)
Brief (126 Kb) [French only]

Mouvement des caisses Desjardins
Brief (2 Mb) [French only]

Office des professions du Québec
Brief (212 Kb) [French only]

Optimum Réassurance
Brief (1 Mb) [French only]

Organisme d'autoréglementation du courtage immobilier du Québec (OACIQ)
Brief (236 Kb) [French only]

Poultry Insurance Exchange Reciprocal of Canada (PIE)
Fonds d'échange d'assurance avicole réciproque du Canada
Brief (41 Kb)

Regroupement des cabinets de courtage d'assurance du Québec (RCCAQ)
Brief (400 Kb) [French only]

Yves Le May, lawyer
Brief (335 Kb) [French only]