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A group of Canadian investors want to open a new Insurance Co. operation for selling Personal and Small Commercial lines products. They approach the


A group of Canadian investors want to open a new Insurance Co. operation for selling Personal and Small

A group of Canadian investors want to open a new Insurance Co. operation for selling Personal and Small Commercial lines products. They approach the Office of the Superintendent of Financial Institutions (PSFI) for guidance and direction, with respect to setting up operations. What would the Superintendent of Ins. mention about the following: i) The focus of insurance ii) iii) iv) v) Financial safeguards The regulations and requirements about insurance companies under the Act supervising insurance companies. Authorization to conduct business and the order of commencement. The Register for a licensed insurer.

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