Canada: Requirement that foreign insurers that insure or plan to insure in Canada marine risks apply to the Office of the Superintendent of Financial Institutions

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Description

Amendments to the foreign companies provisions of the Insurance Companies Act (Part XIII) that came into effect on January 1, 2010, removed an exemption that allowed foreign insurers to insure in Cana...

Intervention Details

Intervention Type

Import licensing requirement

MAST Chapter

E: Non-automatic licensing, quotas etc.

Implementation date

01 Jan 2010

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

Eligible firms

all

Affected Trading Partners

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Affected Sectors

Affected Products

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