Canadian Council of Insurance Regulators

Risk-based Market Conduct Committee (RbMC)

The objective of this committee was to develop and document a vision of risk based market conduct regulation.

Fall 2008: CCIR agreed to the posting of finalized English and French versions of An Approach to Risk-based Market Conduct Regulation on the CCIR website.

In spring 2009, CCIR approved the use of the Approach paper as a framework for risk-based regulation. Regulators will continue to develop risk-based market conduct regulatory tools and practices for use in their individual jurisdictions and share them with CCIR.

The CCIR thanked the RbMC Committee for a job well done, noted that they have fulfilled their mandate admirably and agreed to disband the committee.

Documents & Publications