Ancillary Activities (Insurance Companies, Canadian Societies and Insurance Holding Companies) Regulations

Marginal note:Prescribed activities

• 3 (1) For the purpose of paragraph 495(4)(f) of the Act, the following activities are prescribed in relation to an entity and a property and casualty company or marine company that acquires control of, or acquires or increases a substantial investment in, the entity:

  • (a) the provision of safety and risk prevention services and services respecting risk management and claims adjustment;

  • (b) the operation of rehabilitation and training and development centres;

  • (c) the provision of computer systems to independent insurance brokers and agents;

  • (d) the provision of support to independent insurance brokers and agents;

  • (e) the operation of repair and appraisal centres; and

  • (f) any other activities that are reasonably ancillary to the business of insurance carried on by the company.

• Marginal note:Prescribed term or condition

  (2) For the purpose of paragraph 495(4)(f) of the Act, a prescribed term or condition is that the activities referred to in paragraphs (1)(a) to (e) must be reasonably ancillary to the business of insurance carried on by the property and casualty company or the marine company.