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Searching Content indexed under Insurance Laws and Products by McMillan LLP ordered by Published Date Descending.
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1
Applying The Nairobi International Convention In Canada: The Wrecked, Abandoned And Hazardous Vessels Act (Canada)
On April 30, 2019, Canada acceded to the International Convention on the Removal of Wrecks, 2007 (the "Convention")
Canada
9 Jul 2019
2
Party Cannot Negotiate Certification Defeat From The Jaws Of Contested Victory
The British Columbia Supreme Court ("Court") recently dismissed a party's second application attempt to certify their class action in Leonard v The Manufacturers
Canada
8 Jul 2019
3
So You Want to Insure Risks in Canada, Eh? A Guide To Becoming A Licensed Insurer
There are two levels of government that regulate insurers in Canada.
Canada
5 Jul 2019
4
Adoption Of Financial Sector Reform Goes Ahead In Québec, But Government Backtracks On Certain Proposed Changes In The Insurance Sector
As a result, the Financial Sector Reform Act is a watered-down version of the initially announced reform.
Canada
7 Sep 2018
5
OSFI Updates Its Transaction Instructions For FRFIs' Purchase Or Redemption Of Shares And Reduction Of Stated Capital
Pursuant to the Acts, the stated capital of an FRFI may be reduced by special resolution so long as certain conditions are complied with.
Canada
7 Sep 2018
6
Insurance Regulators Team Up To Strengthen Consumer Protection
On May 3, 2018, the Canadian Council of Insurance Regulators and the Canadian Insurance Services Regulatory Organizations released a joint draft guidance paper setting out their expectations for insurers and intermediaries ...
Canada
4 Jun 2018
7
New Public Disclosure Requirements For Canadian Life Insurers
In Canada, the Office of the Superintendent of Financial Institutions ("OSFI"), is the federal regulatory authority over life insurers.
Canada
10 Apr 2018
8
Insurance & Reinsurance 2018
In Canada, responsibility for lawmaking is shared among the federal government and the governments of 10 provinces and three territories ("provinces").
Canada
29 Mar 2018
9
The "20% Rule": Quebec's New Bill 150 Clarifies The Distinction Between Damage Insurance "Agencies" And "Brokerage Firms"
Earlier this Fall, Finance Minister Carlos J. Leitao introduced the much anticipated Bill 141 titled An Act mainly to improve the regulation of the financial sector, the protection of deposits of money...
Canada
16 Nov 2017
10
CSA Provides Guidance To Registrants On Cyber Security And Social Media
Following the ongoing rise of cyber security breaches, the Canadian Securities Administrators (the "CSA") regulatory authorities continue to heighten expectations with respect to cyber security...
Canada
2 Nov 2017
11
Much Awaited Bill 141 Promises To Shake Up Legislation Regulating Insurance, Financial Services And Real Estate And Mortgage Brokers In Quebec
On October 5th, 2017, Quebec Finance Minister Carlos J. Leitao introduced Bill 141 titled An Act mainly to improve the regulation of the financial sector, the protection of deposits of money...
Canada
23 Oct 2017
12
Cybercrime Insurance Coverage Caselaw: Welcome To Canada?
Although several high profile cybercrime insurance cases have recently made headlines in the US, Canadian companies have been left wondering whether or not Canadian courts would follow the line of caselaw...
Canada
22 Aug 2017
13
Whats In A Name? When Profit Sharing Insurance Is Not Insurance Under The Insurance Act
In a recent trial win for McMillan, the Ontario Superior Court in Victess Capital Corp. v. Intact Insurance Co.1 rendered a decision that sheds light on the definition of insurance under Section 1...
Canada
30 Jun 2017
14
The International Comparative Legal Guide To: Insurance & Reinsurance 2017
In Canada, responsibility for lawmaking is shared among the federal government and the governments of 10 provinces and three territories ("provinces").
Canada
28 Mar 2017
15
Rolling Back Sattva: Appeal Courts Can Second Guess Contractual Interpretation
A standard form contract is a highly specialized contract sold widely to customers without negotiation of terms.
Canada
27 Sep 2016
16
Not All Cannabis Is Created Equal: Reimbursement For Medical Marijuana
A recent Ontario arbitration involved a grievance alleging that the denial of a claim for reimbursement for medical marijuana under a group health plan breached the collective agreement.
Canada
7 Jun 2016
17
Mitigating Cyber Risk And Cybersecurity Insurance
To begin mitigating cyber risk, businesses and organizations need to have at least a preliminary understanding of the threat landscape.
Canada
3 May 2016
18
Let The Experts Explain The Benefits
The Plaintiff, Mr. F, developed cystic fibrosis at the age of 9. F worked as a software engineer for MacDonald, Dettwiler ("MDA") for 6 years and was insured under a group long term disability policy.
Canada
31 Mar 2016
19
OSFI Publishes Letter On Plans To Update Capital Requirements For Residential Mortgages
The regulatory capital requirements are in place to mitigate the risk that federally regulated financial institutions face in loss scenarios.
Canada
22 Dec 2015
20
Does Canada Need A Terrorism Risk Insurance Scheme?
The genesis of the modern public-private terrorism risk insurance schemes traces back to the events of September 11 2001 in the United States.
Canada
7 Dec 2015
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