Financial Consumer Agency of Canada
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Financial Consumer Agency of Canada

www.fcac-acfc.gc.ca

 

Overview Of Obligations For Insurance Companies

The Insurance Companies Act is the primary legislation governing all federally incorporated or registered insurance companies in Canada. FCAC is responsible for administering sections of the Act designated as consumer provisions, in addition to monitoring the financial institutions’ compliance with voluntary codes of conduct and public commitments.

The complete text of the Act can be seen on the Department of Justice Canada’s website. For your convenience, we also show the sections specifically related to consumer provisions below.


Insurance Companies Act

Acts governing Insurance Companies
Acts Sections related to consumer provisions

Insurance Companies Act

Paragraphs 165(2)(f) and (g), subsection 469.1(3), sections 479 to 489.3, subsection 542.061(3) and sections 598 to 607.2 of the Insurance Companies Act together with any regulations made under or for the purposes of those provisions

Green Shield Canada Act

subsection 469.1(3) as set out in paragraph 17(1)(f) of the Green Shield Canada Act and the provisions referred to in paragraph 17(1)(f.1) of that Act as they apply to Green Shield Canada in accordance with section 17 of that Act together with any regulations made under or for the purposes of those provisions

Insurance Companies Act Regulations



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Date Modified:
2011-05-13