Insurance Business (Authorized Foreign Banks) Regulations

4 No authorized foreign bank shall, 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 of the holders of credit or charge cards issued by the authorized foreign bank who receive regularly mailed statements of account,

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

  • (iii) the general public.