June 2005

June 2005

Relationships Between Insurers and Sales Intermediaries

June 3, 2005 – The Canadian Council of Insurance Regulators (CCIR) and the Canadian Insurance Services Regulatory Organizations (CISRO) released a consultation paper entitled Relationships Between Insurers and Sales Intermediaries.
The consultation paper was prepared by the CCIR/CISRO Industry Practices Review Committee (IPRC).  The IPRC was formed in October of 2004 to ensure a coordinated national approach to regulators’ review of insurance practices regarding the relationship between insurers and sales intermediaries.
The IPRC is welcoming the comments, suggestions and ideas of consumers and insurance industry stakeholders regarding the issues described in this consultation paper.  The consultation period will end on August 3, 2005.