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  Improve Your Financial Knowledge - Part 10

  1-Nov-2022

  34. Canada's Insurance Regulators:

  1. Office of the Superintendent of Financial Institutions (OSFI)

  2. Provincial and Territorial Insurance Regulators

  3. Canadian Council of Insurance Regulators (CCIR) and Canadian Insurance Services Regulatory Organizations (CISRO)

  4. Compensation Organizations (Assuris, and Property and Casualty Insurance Compensation Corporation (PACICC))

  5. Dispute Resolution Organizations (OmbudService for Life and Health Insurance (OLHI) and General Insurance OmbudService (GIO))

   

  Compensation Organizations for the Insurance Companies' Insolvency

  1. Assuris (For Life and Health Insurance)

  Death benefit: max 200K

  Health expense: max 60K

  Monthly income: max 2K

  Cash value: max 60K

  Deposit products: max 100K

  TFSAs: max 100K

  2. Property and Casualty Insurance Compensation Corporation (PACICC) (For Property and Casualty Insurance)

  Auto and commercial insurance - max 250K

  Home insurance - max 300K

   

  You can book your consultation at 

  Https://ABCFinancialAdvisor.com/Book-a-Meeting

  Or call us at 647-830-8080

   

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