Supervisory Information (Insurance Companies) Regulations

2 (1) For the purposes of section 672.1 of the Insurance Companies Act and these Regulations, prescribed supervisory information in respect of a company is the following information or any component of that information:

• (a) any rating assigned by the Superintendent to the company to assess its financial condition and any other such rating that is substantially based on information obtained from the Superintendent;

• (b) any stage of intervention assigned to the company

  • (i) in the case of a life company, under the Supervisory Guide Applicable to Federally Regulated Life Insurance Companies, and

  • (ii) in the case of a property and casualty company or a marine company, under the Supervisory Guide Applicable to Federally Regulated Insurance Companies;

• (c) any order made in respect of the company under subsection 515(3), 516(4), 608(4) or 609(2) of the Insurance Companies Act, any prudential agreement entered into by the company under section 675.1 of that Act or any direction issued to it under section 676 of that Act;

• (d) any report prepared by or at the request of the Superintendent or any recommendation made by the Superintendent as a result of an annual or special examination or other supervisory review of the company, including any related correspondence to or from the directors or officers of the company; and

• (e) any assessment by the Superintendent of the company’s compliance with the standards of sound business and financial practices established by the Superintendent, if any.

(2) For the purposes of section 672.1 of the Insurance Companies Act and these Regulations, prescribed supervisory information in respect of an affiliate of a company is the supervisory information prescribed by

• (a) the Supervisory Information (Banks) Regulations, if the affiliate is a bank to which the Bank Act applies;

• (b) the Supervisory Information (Authorized Foreign Banks) Regulations, if the affiliate is an authorized foreign bank to which the Bank Act applies;

• (c) the Supervisory Information (Cooperative Credit Associations) Regulations, if the affiliate is an association to which the Cooperative Credit Associations Act applies;

• (d) the Supervisory Information (Trust and Loan Companies) Regulations, if the affiliate is a company to which the Trust and Loan Companies Act applies;

• (e) the Supervisory Information (Bank Holding Companies) Regulations, if the affiliate is a bank holding company to which the Bank Act applies; and

• (f) the Supervisory Information (Insurance Holding Companies) Regulations, if the affiliate is an insurance holding company to which the Insurance Companies Act applies.