Life

Sun Life named “most trusted” life insurer

Sun Life has been named the “most trusted brand in Life Insurance” for the second consecutive year, by a Harris/Decima poll commissioned by Reader’s Digest for its 2011 Trusted Brand awards. In the poll, respondents were asked to indicate, unprompted, the company they consider the most trusted brand for life insurance. Sun Life ranked higher […]

By Staff |March 1, 2011

1 min read

CRA to give 10/8 decision

Back at the December 2008 Canadian Tax Foundation Conference, the CRA announced it was preparing to audit loans secured with life insurance policies, also known as 10/8 plans.

February 18, 2011

2 min read

New bank insurance rules offer clarity

Anyone wanting to voice their opinion on the regulations governing banks in the insurance business should speak up—the comment period closes March 4.The federal government rather quietly issued draft regulations that appear to give the stamp of approval to locating insurance branches near banking branches. Under the proposed regulations, Section 10 of the Insurance Business […]

By Steven Lamb |February 17, 2011

4 min read

Regulators struggle with MGA model

The Canadian Council of Insurance Regulators has released an “issues paper” on the managing general agencies model of insurance distribution, and is calling on the industry for input into how the market should be regulated. In some ways, the release of the paper is an admission that regulators still don’t have much of a grasp […]

By Steven Lamb |February 11, 2011

3 min read