CCIR Executive Elections
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The CCIR is pleased to announce the election of this Executive
Committee for a two-year term ending April 1, 2009. The
Executive members are:
Chair
Michael Grist
Deputy Superintendent of Insurance
Financial Institutions Commission of
BC
Vice-Chairs
Bob Christie
Chief
Executive Officer & Superintendent
Financial Services Commission of Ontario
Danielle Boulet
Surintendante de l’encadrement de la solvabilité
Autorité des marchés financiers,
Québec
Douglas Murphy
Superintendent of Insurance
Department of Finance, Nova Scotia
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Recognition of Contribution to CCIR
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The CCIR sends fond thanks to Nancy Chamberland of the AMF
for her service to the CCIR as Vice-Chair for the past two
years.
The CCIR also thanks Jeff Bee from the Office
of the Superintendent of Financial Institutions for his many
years of service as Chair of the Forms Committee and wishes
him well on his retirement. |
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Strategic Plan |
The CCIR will begin to work on updating its Strategic Plan.
The new plan is scheduled to be approved in Spring 2008.
The CCIR expects to canvass stakeholders for
their input into the new plan. |
Group Life and A&S Insurance
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The CCIR has agreed to form a working group
to gather information and make recommendations on issues
around sales and claims processes related to creditor
insurance and other group insurance products. Work is
expected to get underway this spring. |
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IVIC Point of Sale Sub-Committee |
CCIR and the Canadian Securities Administrators (CSA) had a
joint meeting where the two organizations reviewed the
progress of their joint initiative under the auspices of the
Joint Forum of Financial Market Regulators to harmonize the
point of sale disclosure for mutual funds and segregated
funds. |
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Industry Practices Review Committee |
As
part of its current project to review the implementation of
the three IPRC principles -
priority of
the client’s interest, disclosure of potential conflicts of
interest, and product suitability
– The IPRC has prepared a
“Report on Action on the IPRC Principles by
Industry Associations” which will be posted on the CCIR
website.
The
IPRC is conducting an implementation review of insurers and
intermediaries to confirm the extent to which the principles
have been embraced by industry and to assess whether further
regulatory action is required. |
|
Insurers Application Form |
The CCIR has updated the Insurers Application form on its
website. Among other housekeeping items are changes in
addresses, contacts and fees. |
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Industry Presentations |
The CCIR would like to express their thanks to the industry
organizations - CAFII, CADRI, CLHIA, IBC, Assuris, PACICC, GIO
and CLHIO - who gave presentations at this meeting.
The presentations were uniformly interesting
and useful. CCIR always looks forward to hearing from the
industry at its Spring meetings. |
| Next Meeting |
The CCIR Fall 2007 Meeting will be held on Sept 27 - 28
in Regina, Saskatchewan |
