OSFI to implement reinsurance guideline on July 1, 2011

By Canadian Underwriter, | November 29, 2010 | Last updated on October 30, 2024
1 min read

Canada’s solvency regulator, the Office of the Superintendent of Financial Institutions (OSFI), plans to implement its Draft Guideline B-3-Sound Reinsurance Practices and Procedures on July 1, 2011.The new date represents a six-month extension from the original Jan. 1, 2011 date for implementation.The final version of OSFI’s Guidance for Reinsurance Security Agreements will be posted on the regulator’s Web site by Dec. 31, 2010.

Canadian Underwriter