A GUIDE TO CRITICAL ILLNESS INSURANCE
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What role do insurance regulators play?
Most life and health insurance companies that operate in Canada are regulated for
financial stability by the federal government through the Office of the Superintendent of
Financial Institutions. The Autorité des marchés financiers performs the same function for
companies incorporated in Quebec. Insurance companies are required to provide annual
financial statements to these regulators.
Insurance regulators in the provinces and territories oversee the business practices
of insurance companies, regulate the licencing and conduct of insurance agents, and
supervise matters relating to consumer service and complaints.
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