Insurance Business (Authorized Foreign Banks) Regulations

4 An authorized foreign bank shall not, in relation to its business in Canada, promote an insurance company, agent or broker unless

• (a) the company, agent or broker deals only in authorized types of insurance; or

• (b) the promotion takes place outside a branch of the authorized foreign bank and is directed to

  • (i) all the holders of credit or charge cards issued by the authorized foreign bank who regularly receive statements of account or notices of those statements,

  • (ii) all the authorized foreign bank’s customers who are natural persons and who regularly receive statements of account or notices of those statements, or

  • (iii) the general public.