Month: January 2019

Federal vs. Provincial Regulations

If you’ve already read the section on the History of Canadian Insurance Regulations.  You’ll be aware that the federal government has very strict rules regarding what legislation they can create.  As a result, several portions of the federal Insurance Acts over time have been flagged as unconstitutional.  The federal government as per the British North…

By c.boersma January 27, 2019 0

Canadian Insurance History

There’s a lot of content here.  Basically a history of how we understand the  There is a lot of life content – in general there will be no questions on this, but it’s interesting none the less.  The matter of insurance was not specifically mentioned in the BNA Act (1867).  This should not be surprising…

By c.boersma January 27, 2019 0

Structure of the Canadian Insurance Industry

Section 1: The Insurance Industry in Canada A: Types of Insurance Carriers Individual Underwriters – Lloyds of London Joint Stock Companies – normal insurance companies – profits to shareholders Mutual insurers – like co-operative except for insurance companies (although for some reasons both rarely pay dividends anymore) Reciprocal or inter-insurance exchanges – Like Lloyds of…

By c.boersma January 27, 2019 0

CIA AA Guidance

This summarized all of the areas a Actuary needs to consider when completing its work.  It goes over many important parts that are included in this exam. Introduction Guidance to Members on Specific Situations Standards of Practice: As per syllabus [April 2019]: Canadian Institute of Actuaries, Consolidated Standards of Practice, 1520, 2200, 2400, 2500, and…

By c.boersma January 21, 2019 0