Property and casualty insurance return – Section V – Jurisdictional Requirements

Information
Type of document
Instructions
Industry
Insurance companies
Return
Property and casualty insurance return
Last updated
June 2024
Table of contents

    Insurers must accommodate for the differences in legislation from jurisdiction to jurisdiction in Canada.

    Each jurisdiction's requirements can now be found in this section, including filing requirements/dates and mailing addresses.

    Also included are the statutory references that may be used as authoritative sources for the completion of each jurisdiction's filing.

    Regulators

    Alberta

    Superintendent of Insurance
    Alberta Government
    402 Terrace Building
    9515-107 Street
    Edmonton, AB T5K 2C3

    Telephone: (780) 643-2237
    Fax: (780) 420-0752

    British Columbia

    Superintendent
    BC Financial Services Authority
    600-750 West Pender Street
    Vancouver, BC V6C 2T8

    Telephone: (604) 660-3555
    Fax: (604) 660-3365

    Manitoba

    Deputy Superintendent of Financial Institutions - Insurance
    Financial Institutions Regulation Branch
    207 – 400 St. Mary Avenue
    Winnipeg, MB R3C 4K5

    Telephone: (204) 945-2542
    Fax: (204) 948-2268

    New Brunswick

    Superintendent of Insurance
    Financial and Consumer Services Commission
    225 King Street, Suite 200
    Fredericton, NB E3B 1E1

    Telephone: (866) 933-2222
    Fax: (506) 453-7435

    Newfoundland and Labrador

    Superintendent of Insurance
    Service NL
    West Block Confederation Bldg., 2nd Floor
    Prince Philip Drive, P.O. Box 8700
    St. John's, NL A1B 4J6

    Telephone: (709) 729-4189
    Fax: (709) 729-3205

    Northwest Territories

    Superintendent of Insurance
    Department of Finance
    Government of the Northwest Territories
    P.O. Box 1320; YK-3
    Yellowknife, NT X1A 2L9

    Telephone: (867) 767-9171, ext 15252 or 15083
    Fax: (867) 920-6133

    Nova Scotia

    Deputy Superintendent of Insurance
    Trust and Loan Companies, Credit Unions and Pensions
    Department of Finance
    P.O. Box 2271
    Halifax, NS B3J 3C8

    Telephone: (902) 424-4987
    Fax: (902) 424-1293

    Nunavut

    Superintendent of Insurance
    Department of Finance
    Government of Nunavut
    PO Box 2260
    Iqaluit, NU X0A 0H0

    Telephone: (867) 975-5889
    Fax: (867) 975-5845

    Ontario

    Chief Executive Officer
    Financial Services Regulatory Authority of Ontario
    25 Sheppard Avenue West
    Suite 100
    North York, ON M2N 6S6

    Telephone: (416) 250-7250
    Toll-Free: (800) 668-0128

    Québec

    Superintendent of Solvency
    Autorité des marchés financiers
    Place de la Cité, Cominar Tower
    2640 Laurier Boulevard, 4th floor
    Québec, QC G1V 5C1

    Telephone: (418) 525-0337 ext. 4501
    Fax: (418) 525-4509

    Prince Edward Island

    Superintendent of Insurance
    Department of Environment, Labour and Justice
    95 Rochford Street
    P.O. Box 2000
    Charlottetown, PEI C1A 7N8

    Telephone: (902) 368-4550
    Fax: (902) 368-5283

    Saskatchewan

    Superintendent of Insurance
    Insurance and Real Estate Division
    Financial and Consumer Affairs Authority of Saskatchewan
    1919 Saskatchewan Drive, 6th Floor
    Regina, SK S4P 4H2

    Telephone: (306) 787-6700
    Fax: (306) 787-9006

    Yukon

    Superintendent of Insurance
    Professional Licensing & Regulatory Affairs C-5
    Government of Yukon
    Box 2703
    Whitehorse, YT Y1A 2C6

    Telephone: (867) 667-5111
    Fax: (867) 667-3609

    Federal

    Risk & Data Analytics
    Office of the Superintendent of Financial Institutions
    255 Albert Street, 12th Floor
    Ottawa, ON K1A 0H2

    Telephone: (613) 991-0609
    Fax: (613) 991-6118

    Newfoundland and Labrador

    Other specific instructions enabling insurers to meet Newfoundland and Labrador's requirements may be circulated by the Superintendent to the appropriate insurers prior to year end.

    Legislation

    Refer to NL's website.

    Language

    Contact Regulator.

    Signature requirements

    There is no section in the Insurance Companies Act of the province of Newfoundland and Labrador stating specifically who must verify the Annual Return.

    Statutory filings by federally registered insurers

    Federally registered insurers submit their statutory filings only to the Office of the Superintendent of Financial Institutions Canada.

    Actuary's Report

    Only Insurers incorporated in the Province of Newfoundland and Labrador are required to submit a full copy of the Actuary's Report with their annual filing. The actuary's Certificate of Opinion is considered an integral part of the annual filing, and failure to include it would render the filing incomplete.

    Foreign insurers are not required to file a copy of their Actuary's Report.

    Statutory filings by insurers incorporated in a province other than Newfoundland and Labrador

    Only page 93.30 of the P&C statutory filings is required to be filed.

    Filing requirements

    Insurers licensed in the province of Newfoundland and Labrador, other than insurers incorporated in the province of Newfoundland and Labrador
    P&C returns Due dates ASCII file Text ".txt" file Special Excel file Other electronic file Printed copy Other comments
    P&C Annual Filing – Canadian (Core Financial Statements, Supervisory Quarterly, Supervisory Annual and Provincial returns) February 28 No No No No Yes Extraprovincial insurers are only required to provide page 93.30. Not required for federally registered insurers due to information-sharing agreement with OSFI.
    P&C Annual Filing – Foreign (Core Financial Statements, Supervisory Quarterly, Supervisory Annual and Provincial returns) February 28 No No No No Yes Not required for federally registered insurers due to information-sharing agreement with OSFI.
    Minimum Capital Test (MCT) / Branch Adequacy of Assets Test (BAAT) Annual Filing February 28 No No No No Yes n/a
    Insurers incorporated in the province of Newfoundland and Labrador
    P&C returns Due dates ASCII file Text ".txt" file Special Excel file Other electronic file Printed copy Other comments
    P&C Annual Filing (Core Financial Statements, Supervisory Quarterly, Supervisory Annual and Provincial returns) February 28 Yes No No No Yes n/a
    Minimum Capital Test (MCT) / Branch Adequacy of Assets Test (BAAT) Annual Filing February 28 Yes No No No Yes n/a
    P&C Quarterly Filing (Core Financial Statements, Supervisory Quarterly and Provincial returns) Within 45 days Yes No No No Yes n/a
    MCT/BAAT Quarterly Filing Within 45 days Yes No No No Yes n/a
    Auditor's Report to the Superintendent February 28 No No No No Yes n/a
    Auditor's Report for the MCT February 28 No No No No Yes n/a
    Appointed Actuary's Report (AAR) February 28 No No No No Yes n/a
    Business plan February 28 No No No No Yes n/a
    Audited financial statements February 28 No No No No Yes n/a

    Prince Edward Island

    Other specific instructions enabling insurers to meet Prince Edward Island's requirements may be circulated by the Superintendent to the appropriate insurers prior to year end.

    Legislation

    Refer to PEI's website.

    Language

    Contact Regulator.

    Signature requirements

    The Annual Return must be verified by the president, vice-president or managing director, or other director appointed for the purpose by the board of directors, and by the secretary or manager of the insurer.

    Statutory filings by federally registered insurers

    Federally registered insurers are only required to file page 93.30 of the P&C statutory filings.

    Actuary's Report

    Insurers are required to file only a Certificate of Opinion with the condition that a copy of the Actuary's Report be available at any time upon request.

    Filing requirements

    Insurers incorporated in the province of Prince Edward Island
    P&C returns Due dates ASCII file Text ".txt" file Special Excel file Other electronic file Printed copy Other comments
    P&C Annual Filing (Core Financial Statements, Supervisory Quarterly, Supervisory Annual and Provincial returns) February 28 See comment No No No Yes Required if produced.
    Minimum Capital Test (MCT) / Branch Adequacy of Assets Test (BAAT) Annual Filing February 28 See comment No No No Yes Required if produced.
    Federally registered insurers licensed to do business in Prince Edward Island
    P&C returns Due dates ASCII file Text ".txt" file Special Excel file Other electronic file Printed copy Other comments
    P&C Annual Filing – Canadian (Core Financial Statements, Supervisory Quarterly, Supervisory Annual and Provincial returns) February 28 No No No No Yes Page 93.30 only
    P&C Annual Filing – Foreign (Core Financial Statements, Supervisory Quarterly, Supervisory Annual and Provincial returns) February 28 No No No No Yes Page 93.30 only
    Minimum Capital Test (MCT) / Branch Adequacy of Assets Test (BAAT) Annual Filing February 28 No No No No Yes n/a

    Nova Scotia

    Other specific instructions enabling insurers to meet Nova Scotia's requirements may be circulated by the Superintendent to the appropriate insurers prior to year end.

    Legislation

    Refer to NS's website.

    Language

    Contact Regulator.

    Signature requirements

    The Annual Return must be verified by the president, vice-president or managing director, or other director appointed for the purpose by the board of directors, and by the secretary or manager of the insurer.

    Statutory filings by federally registered insurers

    Federally registered insurers are only required to file pages 10.10, 93.30, 99.10, 99.11 and 99.15 of the P&C statutory filings.

    Actuary's Report

    Insurers are not required to file their Actuary's Report with the condition that a copy be available at any time upon request.

    Filing requirements

    Insurers incorporated in the province of Nova Scotia
    P&C returns Due dates ASCII file Text ".txt" file Special Excel file Other electronic file Printed copy Other comments
    P&C Annual Filing (Core Financial Statements, Supervisory Quarterly, Supervisory Annual and Provincial returns) March 31 See comment No No No Yes Required if produced.
    Minimum Capital Test (MCT) / Branch Adequacy of Assets Test (BAAT) Annual Filing March 31 See comment No No No Yes Required if produced.
    Federally registered insurers licensed to do business in Nova Scotia
    P&C returns Due dates ASCII file Text ".txt" file Special Excel file Other electronic file Printed copy Other comments
    P&C Annual Filing – Canadian (Core Financial Statements, Supervisory Quarterly, Supervisory Annual and Provincial returns) March 31 No No No No Yes Page 10.10, 93.30 and 99.10 only
    P&C Annual Filing – Foreign (Core Financial Statements, Supervisory Quarterly, Supervisory Annual and Provincial returns) March 31 No No No No Yes Page 10.10, 93.30, 99.11 and 99.15 only
    Minimum Capital Test (MCT) / Branch Adequacy of Assets Test (BAAT) Annual Filing March 31 No No No No Yes n/a

    New Brunswick

    Other specific instructions enabling insurers to meet New Brunswick's requirements may be circulated by the Superintendent to the appropriate insurers prior to year end.

    Legislation

    Refer to NB's website.

    Language

    Filings in either official language are acceptable.

    Signature requirements

    The Annual Return must be verified by the president, vice-president or managing director, or other director appointed for the purpose by the board of directors, and by the secretary or manager of the insurer.

    Statutory filings by federally registered insurers

    N/A

    Actuary's Report

    Insurers are required to file only a Certificate of Opinion with the condition that a copy of the Actuary's Report be available at any time upon request.

    Filing requirements

    Federally and extraprovincially registered insurers licensed to do business in New Brunswick
    P&C returns Due dates ASCII file Text ".txt" file Special Excel file Other electronic file Printed copy Other comments
    P&C Annual Filing – Canadian (Core Financial Statements, Supervisory Quarterly, Supervisory Annual and Provincial returns) March 31 See comment No No No Yes Required if produced.
    P&C Annual Filing – Foreign (Core Financial Statements, Supervisory Quarterly, Supervisory Annual and Provincial returns) March 31 See comment No No No Yes Required if produced.
    Minimum Capital Test (MCT) / Branch Adequacy of Assets Test (BAAT) Annual Filing March 31 See comment No No No Yes Required if produced.
    Auditor's Report to the Superintendent March 31 No No No No Yes n/a
    Auditor's Report for the MCT March 31 No No No No Yes n/a
    Auditor's Report for the BAAT March 31 No No No No Yes n/a
    AAR – Financial Condition Testing March 31 No No No No Yes n/a

    Quebec

    Under the Act respecting insurance, CQLR, c. A-32, (the "Act"), every insurer is required to file with the Autorité des marchés financiers (the "AMF" or the "Authority") in such form as the AMF may determine, the documents and information it requires.

    The AMF will no longer send a letter each year listing the documents and information required under the Act. This information will now be available only through the AMF Bulletins and postings on the AMF website.

    For further information, consult the Notice on filing for P&C Insurers on the AMF website.

    Legislation

    Refer to QC's website.

    Language

    N/A

    Signature requirements

    In accordance with section 309 of the Act, the two persons signing the Annual Return must be directors of the insurer.

    Statutory filings by federally registered insurers

    Please consult the Notice on the AMF website.

    Actuary's Report

    Pursuant to sections 298.14 and 309 of the Act, every insurer authorized to underwrite "damage" (property and casualty) insurance in Quebec must attach an actuary's Expression of Opinion on the valuation of the provisions and reserves to its Annual filing.

    A copy of the Actuary's Report that establishes and presents the provisions and reserves must be forwarded to the Autorité des marchés financiers upon request.

    The actuary will have to include a description of the assumptions and methods used in the valuation of the said reserves or provisions and also state and justify the criteria that have served as the basis for choices made.

    Moreover, the AMF may require certain insurers to include other information in the report.

    Insurers with charters from outside Quebec that transact insurance in Quebec must file a copy of the Actuary's Report filed with their home jurisdiction.

    A copy of the resolution of the board of directors concerning the appointment of the actuary must be forwarded to the AMF within 10 days of the actuary's initial appointment or at the change of the actuary.

    For foreign insurers, the Actuary's Report must contain a certificate testifying that:

    1. the reserves maintained by the insurer to guarantee its obligations toward the insured are not less than the reserves required by the Act or by its "Act of Incorporation", if it is more restrictive;
    2. the reserves of provisions are calculated on the basis of appropriate assumptions with respect to the circumstances of the insurer and its contracts of insurance; and
    3. the reserves make good and sufficient provision to cover all obligations under such contracts.

    Auditor Report

    For Quebec-incorporated insurers, the report is to be addressed to the AMF. All other insurers licensed in Quebec must submit a copy of the Auditor Report addressed to their regulator.

    In addition, Canadian insurers are expected to provide the AMF with a copy of their Annual Report including the Auditor Report to the shareholders and members. Foreign insurers are expected to provide the AMF with a copy of the Annual Report for their total business.

    Loans and advances to subsidiaries, associates and joint ventures (with greater than 10% ownership interest)

    Quebec-incorporated insurers must show loans and advances to subsidiaries, associates and joint ventures (with greater than 10% ownership interest) on page 50.32. See the instructions for page 50.32 in the document "Section IV - Detailed instructions."

    Exhibits not required

    The following exhibits or sections of exhibits need not be completed by Quebec-incorporated insurers that transact insurance in Quebec only.

    Exhibits not required (Quebec)
    Page Exhibit
    10.15 Directors
    10.17 Annual Corporate Information

    Letters of credit

    Letters of credits may be used to reduce capital otherwise required for unregistered reinsurance or a self-insured retention, this up to a prescribed limit, and are subject to a capital charge as specified in the Autorité's Guideline on capital adequacy requirements. The limit is applicable to all insurers licensed in Quebec. General requirements concerning letters of credit are set out below:

    1. Letters of credit must be in Canadian dollars and payable in Canada. Letters of credit must be issued by a Canadian bank or confirmed by a Canadian bank if issued by a foreign bank;
    2. They must be for a fixed term, at least one year;
    3. They must be for a stipulated dollar amount;
    4. They must be irrevocable except with at least three months notice to the Regulator. This condition can be satisfied either by a provision in letter of credit or by a letter of confirmation from the issuing bank; and
    5. The issuing bank and the confirming bank must not have any claim on the assets of the Canadian insurance company as security for the letters of credit.

    A copy of the major letters of credit must be sent with the Annual Return.

    Registered insurer/reinsurer

    To be deemed approved, the insurer must be approved in Quebec or another province, or subject to federal regulation.

    Registered reinsurer: A reinsurance agreement is deemed registered if it was assumed by an insurer constituted under the laws of Quebec, of another province, or of Canada, and in this case, licensed by one or more provincial regulator(s). A reinsurance agreement is also deemed registered if it was assumed by the branch of a foreign company authorized by the federal authority and licensed by one or more provincial regulator(s), and if the branch maintains assets guaranteeing the fulfilment of its obligations under the agreement.

    Ontario

    Other specific instructions enabling insurers to meet Ontario's requirements may be circulated by the Chief Executive Officer to the appropriate insurers prior to year end.

    Legislation

    Refer to ON's website.

    Language

    Filings in either official language are acceptable.

    Signature requirements

    The Annual Return must be verified by the president, vice-president or managing director, or other director appointed for the purpose by the board of directors and by the secretary or manager of the insurer.

    Statutory filings by federally registered insurers

    In accordance with section 102 of the Ontario Insurance Act, federally registered insurers licensed in Ontario must submit their statutory filings only to the Office of the Superintendent of Financial Institutions Canada.

    Actuary's Report

    Subsection 121.13 of the Insurance Act (Part II.1) requires that every insurer incorporated in Ontario, except those described in subsection 121.20, must submit with its Annual Return a valuation report by the appointed actuary on his/her evaluation of actuarial and other policy liabilities of the insurer. The exception under subsection 121.20 applies if the insurer is a mutual insurance corporation that is a member of the Fire Mutuals Guarantee Fund.

    The Report must be addressed to the Chief Executive Officer, Financial Services Regulatory Authority of Ontario (FSRA), and must comprise a certificate and a report, both of which must be signed. Detailed instructions for completing the Report were forwarded to the insurers and will be updated separately through correspondence with the companies.

    Note: Federally regulated insurers are not required to file an Actuary's Report with FSRA.

    Auditor Report

    All insurers incorporated in Ontario are required to have their Auditor Report addressed to the Chief Executive Officer, FSRA. All other insurers licensed in Ontario should refer to the general instructions in Section II.

    All provincially incorporated insurers licensed in Ontario are expected to provide the FSRA with a copy of their Annual Report including the Auditor Report to the shareholders and members when published.

    Earthquake

    Refer to the OSFI's Earthquake Exposure Sound Practices guidelines.

    Letters of credit

    In general, letters of credit may be used to offset the reserve for unregistered reinsurance to the extent of 30% of the total amount of the unearned premiums and outstanding losses recoverable from assuming reinsurers.

    The Chief Executive Officer must be made aware of the details of letters of credit from affiliated unregistered reinsurers.

    Discounting

    Actuarial liabilities are required to be reported on a discounted basis. The discounting requirement will apply to Ontario-incorporated property and casualty insurance companies and to reciprocal exchanges in Ontario for which the Actuary's Report is required.

    Ontario FOIPOPA consent form

    The Freedom of Information and Protection of Privacy Act, R.S.O. 1990, chapter F.31 (FOIPOPA) provides that where information about an individual is not collected directly from the individual, the collection is lawful only if, among other things, it is authorized by a statute. Further, whenever information is collected about an individual, that individual must be informed of the legal authority for its collection and the principal purpose for which the personal information is intended to be used.

    Since the Annual Return includes personal information, the Consent and Notification Form issued pursuant to the FOIPOPA must be completed by all provincially incorporated insurers. The insurer must provide a copy to each individual named in page 10.15 of the Annual Return. Since the insurer is aware of many of these individuals, it is strongly recommended that the insurer begin the notification process well in advance of the filing due date. The certificate is to be signed by the same person who signs the Annual Return.

    General information

    All Ontario-incorporated insurance companies and reciprocals must complete the general information pages 10.10 to 10.60.

    All Ontario-incorporated companies and reciprocals must complete the Minimum Capital Test (MCT) pages (PC4 form) using FSRA's MCT Guideline for property and casualty insurance companies and reciprocals dated January 2023.

    For any questions, please contact the contactcentre@fsrao.ca.

    Working papers

    In accordance with section 443 of the Act, insurers licensed in Ontario are required to maintain appropriate working papers to support the information contained in the Annual Return.

    Securities lending

    Securities lending is prohibited for companies incorporated in Ontario.

    Financial statements of subsidiaries

    Ontario-incorporated insurers should have a copy of the current financial statements of each subsidiary available at head office.

    Filing requirements

    Insurers incorporated in the province of Ontario
    P&C returns Due dates ASCII file Text ".txt" file Special Excel file Other electronic file Printed copy Other comments
    P&C Annual Filing (Core Financial Statements, Supervisory Quarterly, Supervisory Annual and Provincial returns) February 28 Yes No Yes See comment No Pdf format preferred for electronic copies. Signed copies should be provided in pdf format.
    P&C Annual ReinsurersOntario incorporated insurers - table footnote * (Core Financial Statements, Supervisory Quarterly, Supervisory Annual and Provincial returns) April 15 Yes No Yes See comment No Pdf format preferred for electronic copies. Signed copies should be provided in pdf format.
    Minimum Capital Test (MCT) / Branch Adequacy of Assets Test (BAAT) Annual Filing February 28 Yes No Yes See comment No Pdf format preferred for electronic copies. Signed copies should be provided in pdf format.
    MCT/BAAT Annual Filing – ReinsurersOntario incorporated insurers - table footnote * April 15 Yes No Yes See comment No Pdf format preferred for electronic copies. Signed copies should be provided in pdf format.
    P&C Quarterly Filing (Core Financial Statements, Supervisory Quarterly and Provincial returns) Within 45 days Yes No Yes See comment No Pdf format preferred for electronic copies. Signed copies should be provided in pdf format.
    MCT/BAAT Quarterly Filing Within 45 days Yes No Yes See comment No Pdf format preferred for electronic copies. Signed copies should be provided in pdf format.
    Auditor's Report to the CEO February 28 No No No See comment No Pdf format preferred for electronic copies. Signed copies should be provided in pdf format.
    Auditor's Report for the MCT February 28 No No No See comment No

    Reciprocals are not required to file this.

    Pdf format preferred for electronic copies. Signed copies should be provided in pdf format.

    Appointed Actuary's Report (AAR) February 28 No No No See comment No Pdf format preferred for electronic copies.  Signed copies should be provided in pdf format.
    AAR – Financial Condition Testing September 30 No No No See comment No

    Reciprocals are not required to file this.

    Pdf format preferred for electronic copies. Signed copies should be provided in pdf format.

    AAR – External Review Report February 28 No No No See comment No Pdf format preferred for electronic copies. Signed copies should be provided in pdf format.
    Unpaid Claims and Loss Ratio Exhibits February 28 No No No See comment No Pdf format preferred for electronic copies. Signed copies should be provided in pdf format.
    Business plan February 28 No No No See comment No Pdf format preferred for electronic copies. Signed copies should be provided in pdf format.
    Audited financial statements February 28 No No No See comment No Pdf format preferred for electronic copies. Signed copies should be provided in pdf format.

    Ontario incorporated insurers - table footnotes

    Ontario incorporated insurers - table footnote *

    Insurers whose certificates of registry are limited to reinsurance.

    Return to Ontario incorporated insurers - table footnote *

    Federally registered insurers licensed to do business in Ontario
    P&C returns Due dates ASCII file Text ".txt" file Special Excel file Other electronic file Printed copy Other comments
    P&C Annual Filing (Core Financial Statements, Supervisory Quarterly, Supervisory Annual and Provincial returns) February 28 Yes No Yes See comment No PDF format preferred for electronic copies. Signed copies should be provided in PDF format.
    P&C Annual Filing - ReinsurersOntario licensed insurers - table footnote * (Core Financial Statements, Supervisory Quarterly, Supervisory Annual and Provincial returns) April 15 Yes No Yes See comment No PDF format preferred for electronic copies. Signed copies should be provided in PDF format.
    Minimum Capital Test (MCT) / Branch Adequacy of Assets Test (BAAT) Annual Filing February 28 Yes No Yes See comment No PDF format preferred for electronic copies. Signed copies should be provided in PDF format.
    MCT/BAAT Annual Filing – ReinsurersOntario licensed insurers - table footnote * April 15 Yes No Yes See comment No PDF format preferred for electronic copies. Signed copies should be provided in PDF format.
    P&C Quarterly Filing (Core Financial Statements, Supervisory Quarterly and Provincial returns) Within 45 days Yes No Yes See comment No PDF format preferred for electronic copies. Signed copies should be provided in PDF format.
    MCT/BAAT Quarterly Filing Within 45 days Yes No Yes See comment No PDF format preferred for electronic copies. Signed copies should be provided in PDF format.

    Ontario licensed insurers - table footnotes

    Ontario licensed insurers - table footnote *

    Insurers whose certificates of registry are limited to reinsurance.

    Return to Ontario licensed insurers - table footnote *

    Manitoba

    Other specific instructions enabling insurers to meet Manitoba's requirements may be circulated by the Superintendent to the appropriate insurers prior to year end.

    Legislation

    Refer to MB's website.

    Language

    Filings in either official language are acceptable.

    Signature requirements

    N/A

    Statutory filings by federally registered insurers

    In accordance with section 84 of the Act, federally registered insurers must submit their statutory filings only to the Office of the Superintendent of Financial Institutions Canada.

    Actuary's Report

    Insurers are not required to file their Actuary's Report with the condition that a copy be available at any time upon request.

    Insurers other than provincial insurers and reciprocal insurance exchanges

    These insurers must produce a report that sets out the particulars of their business in Manitoba during the year (section 84). To meet this requirement, P&C insurers must file page 93.30  of the P&C statutory filings.

    Filing requirements

    Insurers incorporated in the province of Manitoba
    P&C returns Due dates ASCII file Text ".txt" file Special Excel file Other electronic file Printed copy Other comments
    P&C Annual Filing (Core Financial Statements, Supervisory Quarterly, Supervisory Annual and Provincial returns) February 28 No No No No Yes n/a
    P&C Annual Filing – ReinsurersManitoba incorporated insurers - table footnote * (Core Financial Statements, Supervisory Quarterly, Supervisory Annual and Provincial returns) March 15 No No No No Yes n/a
    Minimum Capital Test (MCT) / Branch Adequacy of Assets Test (BAAT) Annual Filing February 28 No No No No Yes n/a
    MCT/BAAT Annual Filing – ReinsurersManitoba incorporated insurers - table footnote * March 15 No No No No Yes n/a

    Manitoba incorporated insurers - table footnotes

    Manitoba incorporated insurers - table footnote *

    Insurers whose certificates of registry are limited to reinsurance.

    Return to Manitoba incorporated insurers - table footnote *

    Federally registered insurers licensed to do business in Manitoba
    P&C returns Due dates ASCII file Text ".txt" file Special Excel file Other electronic file Printed copy Other comments
    P&C Annual Filing (Core Financial Statements, Supervisory Quarterly, Supervisory Annual and Provincial returns) February 28 No No No No Yes n/a
    P&C Annual Filing – ReinsurersManitoba licensed insurers - table footnote * (Core Financial Statements, Supervisory Quarterly, Supervisory Annual and Provincial returns) March 15 No No No No Yes n/a
    Minimum Capital Test (MCT) / Branch Adequacy of Assets Test (BAAT) Annual Filing February 28 No No No No Yes n/a
    MCT/BAAT Annual Filing – ReinsurersManitoba licensed insurers - table footnote * March 15 No No No No Yes n/a

    Manitoba licensed insurers - table footnotes

    Manitoba licensed insurers - table footnote *

    Insurers whose certificates of registry are limited to reinsurance.

    Return to Manitoba licensed insurers - table footnote *

    Saskatchewan

    Other specific instructions enabling insurers to meet Saskatchewan's requirements may be circulated by the Superintendent to the appropriate insurers prior to year end.

    Refer to the Financial and Consumer Affairs Authority's website for instructions for filing the Annual Return.

    Legislation

    Refer to SK's website.

    Language

    Contact the regulator for information on language requirements.

    Signature requirements

    For provincial insurers, the Annual Return must be verified by the president, vice-president or managing director, or other director appointed for the purpose by the board of directors and by the secretary or manager of the insurer.

    For reciprocal insurance exchanges, the Annual Return must be verified by the principal attorney and at least two members of the advisory board or committee of subscribers of the reciprocal insurance exchange.

    Statutory filings by federally registered insurers

    Federally registered insurers are satisfy the annual filing requirements by answering the questions contained in the submission filed online through RLS.

    Discounting

    Actuarial liabilities are required to be reported on a discounted basis. The discounting requirement will apply to Saskatchewan-incorporated P&C insurance companies and to reciprocal exchanges in Saskatchewan for which the Actuary's Report is required.

    Filing deadlines

    All Annual Returns must be provided as follows:

    • If limited by the Superintendent to reinsurance only, 105 days after the financial year end (subsections 2-33(3) and 2‑34(3)); and
    • For all other insurers, 60 days after the financial year end (subsections 2-33(3) and 2-34(3)).

    Filing requirements

    All insurers are required to file their Annual Return submission online through the Financial and Consumer Affairs Authority's (FCAA) Registration and Licensing System (RLS).

    Refer to FCAA's website for instructions for filing the Annual Return.

    Links:

    Provincially incorporated insurers and reciprocal insurance exchanges

    Saskatchewan incorporated insurers are required to:

    • File the P&C statutory filings (section 2-33); and
    • Submit the following additional information:
      1. The actuary's report if required by the Superintendent;
      2. The audited financial statements with the auditor's opinion;
      3. The audited financial statements for any subsidiaries with the auditor's opinion. If subsidiaries are regulated financial institutions, the filings with the primary regulators; and
      4. The detailed list of investment as at the fiscal year-end.

    Reciprocal Insurance Exchanges are required to:

    • File the P&C statutory filings (section 2-33);
    • Submit the following additional information:
      1. The actuary's report if required by the Superintendent;
      2. The audited financial statements with the auditor's opinion;
      3. The audited financial statements for any subsidiaries with the auditor's opinion. If subsidiaries are regulated financial institutions, the filings with the primary regulators; and
    • Submit the following information as required by section 2-56:
      1. The name of the reciprocal insurance exchange and the name and address of its principal attorney for service; and
      2. The particulars respecting the reserve fund (section 2-61) and the guarantee fund (section 2-63).

    Extra-provincial insurers

    Extra-provincial insurers are required to file pages 10.10 (corporate information), 99.10, 93.30, 99.16 and 99.20 (Quebec Incorporated Insurer),  of the P&C statutory filings.

    Insurers incorporated in the province of Saskatchewan and reciprocal insurance exchanges licensed in the province of Saskatchewan
    P&C returns Due dates ASCII file Text ".txt" file Special Excel file Other electronic file Printed copy Other comments
    P&C Annual Filing (Core Financial Statements, Supervisory Quarterly, Supervisory Annual and Provincial returns) Within 60 days Yes No See comment No Yes PDF copy of the signed affidavit should be embedded in the special Excel file.
    P&C Annual Filing – ReinsurersSaskatchewan incorporated insurers - table footnote * (Core Financial Statements, Supervisory Quarterly, Supervisory Annual and Provincial returns) Within 105 days Yes No See comment No Yes PDF copy of the signed affidavit should be embedded in the special Excel file.
    Minimum Capital Test (MCT) / Branch Adequacy of Assets Test (BAAT) Annual Filing Within 60 days Yes No See comment No Yes

    PDF copy of the signed affidavit should be embedded in the special Excel file.

    N/A – extra-provincial reciprocal insurance exchanges.

    MCT/BAAT Annual Filing – ReinsurersSaskatchewan incorporated insurers - table footnote * Within 105 days Yes No See comment No Yes PDF copy of the signed affidavit should be embedded in the special Excel file.
    P&C Quarterly Filing – Canadian (Core Financial Statements, Supervisory Quarterly and Provincial returns) Within 45 days No No See comment No Yes PDF copy of the signed affidavit should be embedded in the special Excel file.
    MCT/BAAT Quarterly Filing Within 45 days No No See comment No Yes PDF copy of the signed affidavit should be embedded in the special Excel file.
    Auditor's Report to the Superintendent Within 60 days No No No See comment Yes PDF format preferred.
    Auditor's Report for the MCT Within 60 days No No No See comment Yes PDF format preferred.
    Auditor's Report for the BAAT Within 60 days No No No See comment Yes PDF format preferred.
    Appointed Actuary's Report (AAR) Within 60 days No No No See comment Yes PDF format preferred.
    AAR – Financial Condition Testing See comment No No No See comment No Sooner of Dec. 31 or 30 days after board presentation. PDF format preferred.
    Unpaid Claims and Loss Ratio exhibits See comment No No No See comment No To be filed with the Actuary's Report. PDF format preferred.
    Audited financial statements Within 60 days No No No See comment Yes PDF format preferred.

    Saskatchewan incorporated insurers - table footnotes

    Saskatchewan incorporated insurers - table footnote *

    Insurers whose certificates of registry are limited to reinsurance.

    Return to Saskatchewan incorporated insurers - table footnote *

    Insurers licensed in the province of Saskatchewan
    P&C returns Due dates ASCII file Text ".txt" file Special Excel file Other electronic file Printed copy Other comments
    P&C Annual Filing – Canadian (Core Financial Statements, Supervisory Quarterly, Supervisory Annual and Provincial returns) Within 60 days No No No See comment No

    Extraprovincial insurers are only required to provide pages 10.10, 93.30, 99.10, 99.16 and 99.20 of the P&C statutory filings. PDF format preferred.

    Federally registered insurers satisfy the annual filing requirement by answering the questions contained in the submission filed online through RLS.

    P&C Annual Filing - ReinsurersSaskatchewan licensed insurers - table footnote * – Canadian (Core Financial Statements, Supervisory Quarterly, Supervisory Annual and Provincial returns) Within 105 days No No No See comment No

    Extraprovincial insurers are only required to provide pages 10.10, 93.30, 99.10, 99.16 and 99.20 of the P&C statutory filings. PDF format preferred.

    Federally registered insurers satisfy the annual filing requirement by answering the questions contained in the submission filed online through RLS.

    P&C Annual Filing – Foreign (Core Financial Statements, Supervisory Quarterly, Supervisory Annual and Provincial returns)

    Within 60 days/105 daysSaskatchewan licensed insurers - table footnote *

    No No No See comment No Federally registered insurers satisfy the annual filing requirement by answering the questions contained in the submission filed online through RLS.
    Minimum Capital Test (MCT) / Branch Adequacy of Assets Test (BAAT) Annual Filing Within 60 days No No No See comment No Federally registered insurers satisfy the annual filing requirement by answering the questions contained in the submission filed online through RLS.
    MCT/BAAT Annual Filing – ReinsurersSaskatchewan licensed insurers - table footnote * Within 105 days No No No See comment No Federally registered insurers satisfy the annual filing requirement by answering the questions contained in the submission filed online through RLS.

    Saskatchewan licensed insurers - table footnotes

    Saskatchewan licensed insurers - table footnote *

    Insurers whose certificates of registry are limited to reinsurance.

    Return to Saskatchewan licensed insurers - table footnote *

    Alberta

    Legislation

    Refer to AB's website.

    Language

    Annual Returns must be submitted in English.

    Signature requirements

    Alberta incorporated insurers – Section 44(3)(f) of the Insurance Act states the Annual Return (affidavit on page 99.10) must be approved and signed by the president, vice-president or managing director or other director appointed for the purpose by the board of directors and by the secretary or manager of the company.

    Reciprocal insurance exchanges – Section 91(3)(d) of the Insurance Act states that the Annual Return (affidavit on page 99.10) must be signed by the principal attorney and at least two members of the advisory board or committee of subscribers. Refer to Alberta's website for a copy of the affidavit containing three signature lines.

    Statutory filings by federally registered insurers

    Federally registered insurers are required to file a fourth quarter P&C statutory filings with the Office of the Superintendent of Financial Institutions Canada. This will satisfy the reporting requirement for the comparable period.

    Actuary's Report

    Pursuant to section 44(3)(d) of the Insurance Act, Alberta-incorporated insurers licensed under this Act must submit, with the Annual statutory filings, an opinion, in accordance with section 405.

    Insurers incorporated and reciprocals formed and/or transferred into Alberta must file a copy of the actuarial report with an Expression of Opinion in accordance with the instructions set out by OSFI in its annual memorandums to the appointed actuary.

    The Actuary's report is required to include an Unpaid Claims and Loss Ratio Analysis Exhibit, consistent with the OSFI requirements.

    Federally and extra-provincially incorporated insurers are not required to file their Actuary's Report.

    Discounting of reserves

    Effective January 1, 2003, the reporting of actuarial liabilities on a discounted basis by Alberta-incorporated property and casualty insurance companies and reciprocal insurance exchanges is optional.

    Insurers are expected to file on either a discounted or undiscounted basis consistently. Insurers who wish to change the basis on which they file must notify the Superintendent prior to making the change.

    Format of the actuarial opinion and report

    The opinion should state the status of the signatory, his or her title, his or her relationship to the insurer, and, if not a Fellow of the Canadian Institute of Actuaries, how he or she qualifies.

    Auditor Report

    Pursuant to section 43(1), all insurers licensed in Alberta must submit a copy of their audited financial statements within 180 days of the insurer's year end.

    Alberta requires the following reports be filed with the Annual filings:

    • Auditor Report addressed to the Alberta Superintendent of Insurance; and,
    • Auditor Report for the Minimum Capital Test.

    Annual Report

    All Alberta incorporated insurers are expected to file a copy of their Annual Report including the Auditor's Report to the shareholders and members when published.

    Financial statements of subsidiaries

    A copy of the current financial statements of each subsidiary must be made available on request.

    Bulletins and other guidance

    Bulletins and guidelines that are applicable to property and casualty insurance companies are available on Alberta's website.

    Filing requirements

    Visit the Insurance Regulatory Information System's website.

    For Insurance Companies, Fraternal Benefit Societies or Reciprocal Insurance Exchanges, if you require assistance, please send an email to: tbf.insurance-licens@gov.ab.ca

    Refer to the Alberta Superintendent of Insurance's website for:

    Pursuant of section 44(2), for Alberta-incorporated insurers, all filings must be received within 60 days after the the company's fiscal year end.

    Pursuant of section 46(1), for every non-Alberta-incorporated insurers that is licensed in Alberta, all filing requirements must be received before the last day of February of the year following the reporting year.

    Alberta only accepts electronic filings.

    Insurers incorporated in the province of Alberta
    P&C returns Due dates ASCII file Text ".txt" file Special Excel file Other electronic file Printed copy Other comments
    P&C Fourth-quarter Core Financial Statements return Within 60 days Yes No Yes No No A PDF copy of the signed affidavit should be embedded in the special Excel file.
    P&C Fourth-quarter Quarterly and Annual Supervisory returns Within 60 days Yes No Yes No No A PDF copy of the signed affidavit should be embedded in the special Excel file.
    P&C Fourth-quarter Minimum Capital Test (MCT) return Within 60 days Yes No Yes No No n/a
    P&C Fourth-quarter Provincial return Within 60 days Yes No Yes No No A PDF copy of the signed affidavit should be embedded in Special Excel file.
    P&C Quarterly Core Financial Statements return Within 45 days Yes No Yes No No A PDF copy of the signed affidavit should be embedded in the special Excel file.
    P&C Quarterly Supervisory return Within 45 days Yes No Yes No No n/a
    P&C Quarterly MCT return Within 45 days Yes No Yes No No n/a
    P&C Quarterly provincial return Within 45 days Yes No Yes No No A PDF copy of the signed affidavit should be embedded in the special Excel file.
    Auditor's Report to the Superintendent Within 60 days No No No Yes No PDF format preferred.
    Auditor's Report for the MCT Within 60 days No No No Yes No PDF format preferred.
    Appointed Actuary's Report (AAR) Within 60 days No No No Yes No PDF format preferred.
    AAR – Financial Condition Testing See comment No No No Yes No Sooner of Dec. 31 or 30 days after board presentation; PDF format preferred.
    AAR – Peer Review Report Within 60 days No No No Yes No n/a
    Unpaid Claims and Loss Ratio exhibits See comment No No No Yes No To be included in the Actuary's Report and filed within 60 days; PDF format preferred.
    Audited financial statements Within 60 days No No No Yes No PDF format preferred.
    Alberta Reserve and Guarantee Fund worksheet Within 60 days No No No See comment No Applicable to reciprocal insurance exchanges only.
    Insurers licensed in the province of Alberta
    P&C returns Due dates ASCII file Text ".txt" file Special Excel file Other electronic file Printed copy Other comments
    P&C Annual Filing – fourth-quarter Core Financial Statements, Supervisory Quarterly, Supervisory Annual and Provincial returns Within 60 days Yes No Yes No No

    Extraprovincial insurers are required to provide an ASCII file, and federally registered insurers will satisfy the reporting requirement for the comparable period by filing with OSFI.

    A PDF copy of the signed affidavit should be embedded in a special Excel file.

    P&C Annual Filing – ReinsurersAlberta licensed insurers - table footnote * – fourth-quarter Core Financial Statements, Supervisory Quarterly, Supervisory Annual and Provincial returns Within 105 days Yes No Yes No No

    Extraprovincial insurers are required to provide an ASCII file, and federally registered insurers will satisfy the reporting requirement for the comparable period by filing with OSFI.

    A PDF copy of the signed affidavit should be embedded in a special Excel file.

    Minimum Capital Test (MCT) / Branch Adequacy of Assets Test (BAAT) Annual Filing Within 60 days Yes No Yes No No

    Extraprovincial insurers are required to provide an ASCII file, and federally registered insurers will satisfy the reporting requirement for the comparable period by filing with OSFI.

    A PDF copy of the signed affidavit should be embedded in a special Excel file.

    MCT/BAAT Annual Filing – ReinsurersAlberta licensed insurers - table footnote * Within 105 days Yes No Yes No No

    Extraprovincial insurers are required to provide an ASCII file, and federally registered insurers will satisfy the reporting requirement for the comparable period by filing with OSFI.

    A PDF copy of the signed affidavit should be embedded in a special Excel file.

    Auditor's Report to the Superintendent Within 180 days No No No Yes No PDF format preferred.
    Auditor's Report for the MCT Within 180 days No No No Yes No PDF format preferred.
    Auditor's Report for the BAAT Within 180 days No No No Yes No PDF format preferred.
    Audited financial statements Within 180 days No No No Yes No

    Please refer to the Alberta Superintendent of Insurance website for instructions on filing your financial statements electronically;
    PDF format preferred.

    Alberta Reserve and Guarantee Fund worksheet Within 60 days No No No Yes No Applicable to all reciprocals licensed in Alberta.

    Alberta licensed insurers - table footnotes

    Alberta licensed insurers - table footnote *

    Insurers whose certificates of registry are limited to reinsurance.

    Return to Alberta licensed insurers - table footnote *

    British Columbia

    Other specific instructions necessary to meet BC Financial Services Authority's requirements may be circulated by the Superintendent, to the appropriate insurers, prior to year end.

    Legislation

    Refer to BCFSA's website.

    Language

    Annual filings must be submitted in English.

    Signature requirements

    Original signatures are not required. BCFSA will accept scanned or electronic versions of original signatures.

    Statutory filings by federally registered insurers

    Refer to BCFSA's website

    Filing requirements

    For B.C. Licensed P&C Insurers' filing requirements, please refer to BCFSA's website.

    For reciprocal exchanges the Application for Reciprocal Exchange Annual Permit (Form 10) must be submitted annually by March 31st.

    Yukon

    Other specific instructions enabling insurers to meet the Yukon's requirements may be circulated by the Superintendent to the appropriate insurers prior to year end.

    Legislation

    Refer to YK's website.

    Language

    Contact the regulator for language requirements.

    Signature requirements

    The Annual Return must be verified by the president, vice-president or managing director, or other director appointed for the purpose by the board of directors, and by the secretary or manager of the insurer.

    Statutory filings by federally registered insurers

    N/A

    Actuary's Report

    Insurers are not required to file their Actuary's Report with the condition that a copy be available at any time upon request.

    Electronic filing

    All required filings should be filed in PDF, or Excel format, as appropriate, by email to insurance.plra@gov.yk.ca. The email subject line should include the company name and the word "filing."

    Insurers licensed to do business in Yukon
    P&C returns Due dates ASCII file Text ".txt" file Special Excel file Other electronic file Printed copy Other comments
    P&C Annual Filing (Core Financial Statements, Supervisory Quarterly, Supervisory Annual and Provincial returns) March 15 No No No Yes No PDF format preferred.
    Minimum Capital Test (MCT) / Branch Adequacy of Assets Test (BAAT) Annual Filing March 15 No No No Yes No PDF format preferred.

    Northwest Territories

    Other specific instructions enabling insurers to meet the Northwest Territories' requirements may be circulated by the Superintendent to the appropriate insurers prior to year end.

    Legislation

    Refer to NT's website.

    Language

    Contact the regulator for language requirements.

    Signature requirements

    The Annual Return must be verified by the president, vice-president or managing director, or other director appointed for the purpose by the board of directors, and by the secretary or manager of the insurer.

    Statutory filings by federally registered insurers

    N/A

    Filing requirements

    Insurers licensed in the Northwest TerritoriesNorthwest Territories table footnote *
    P&C returns Due dates ASCII file Text ".txt" file Special Excel file Other electronic file Printed copy Other comments
    P&C Annual Filing (Core Financial Statements, Supervisory Quarterly, Supervisory Annual and Provincial returns) February 28 No No No See comment No Electronic PDF filings only
    Minimum Capital Test (MCT) / Branch Adequacy of Assets Test (BAAT) Annual Filing February 28 No No No See comment No Electronic PDF filings only
    Audited financial statements February 28 No No No See comment No Not required if OSFI return filed

    Northwest Territories table footnotes

    Northwest Territories table footnote *

    Licencing related matters (individual or company), email insurance_licensing@gov.nt.ca; for Filings and Premium Tax, email superintendent_insurance@gov.nt.ca.

    Return to Northwest Territories table footnote *

    Nunavut

    Other specific instructions enabling insurers to meet Nunavut's requirements may be circulated by the Superintendent, to the appropriate insurers, prior to year end.

    Legislation

    Refer to NU's website.

    Language

    Contact the regulator for language requirements.

    Signature requirements

    The Annual Return must be verified by the president, vice-president or managing director, or other director appointed for the purpose by the board of directors, and by the secretary or manager of the insurer.

    Statutory filings by federally registered insurers

    N/A

    Filing requirements

    Insurers incorporated in the territory of Nunavut
    P&C returns Due dates ASCII file Text ".txt" file Special Excel file Other electronic file Printed copy Other comments
    P&C Annual Filing (Core Financial Statements, Supervisory Quarterly, Supervisory Annual and Provincial returns) February 28 No No No No Yes n/a
    Minimum Capital Test (MCT) / Branch Adequacy of Assets Test (BAAT) Annual Filing February 28 No No No No Yes n/a
    Federally registered insurers licensed to do business in Nunavut
    P&C returns Due dates ASCII file Text ".txt" file Special Excel file Other electronic file Printed copy Other comments
    P&C Annual Filing (Core Financial Statements, Supervisory Quarterly, Supervisory Annual and Provincial returns) February 28 No No No No Yes n/a
    Minimum Capital Test (MCT) / Branch Adequacy of Assets Test (BAAT) Annual Filing February 28 No No No No Yes n/a

    Federal

    Insurance Companies Act (ICA)

    Regulations that are applicable to federally regulated property and casualty companies can be accessed on Justice Canada's website.

    Guidelines and other guidance

    Guidelines that are applicable to property and casualty insurance companies are available on the OSFI website.

    OSFI also issues other guidance (i.e. letters, bulletins) that is accessible on its website.

    Auditor and Appointed Actuary Reports

    Federally regulated insurers must electronically file their Auditor Reports and Appointed Actuary's Report as separate documents as defined in the Regulatory Reporting System (RRS) User Guide (PDF).

    Auditor Report to shareholders/policyholders

    The Auditor Report to shareholders/policyholders, together with the annual financial statements, is to be filed with OSFI's Risk and Data Analytics Division no later than 21 days prior to the annual meeting. If the annual meeting is held by resolution in writing, the report is to be filed no later than 30 days following the date of signing of the resolution in writing. Reports should all be filed through the RRS system.

    Financial statements of subsidiaries

    Federally regulated insurers are required to make available a copy of the current financial statements of each subsidiary at the insurer's head office upon request.

    Net ultimate claims and adjustment expenses – Claims development

    Transitional Instructions – (pages 60.45 and 93.65)

    For foreign P&C branches, the Claims Runoff exhibits may also be prepared on a prospective basis with no restatement of prior years. Information for the current accident year will be based on insurance business in Canada as per Part XIII of the ICA. However, where there are significant changes to prior years, it would be preferable that these exhibits be restated where this can be done on a practical basis.

    Letters of credit

    Letters of credit must be in the standard wording prescribed by OSFI and must conform to the General Guidelines for Use of Letters of Credit as specified on OSFI's website. Letters of credit from associated unregistered reinsurers must be approved by OSFI in order to be recognized.

    Letters of credits may be used to reduce capital otherwise required up to a prescribed limit and are subject to a capital charge as specified in OSFI's MCT Guideline.

    Affidavit verifying Annual Return - (pages 99.10, 99.11 and 99.15)

    The affidavit on page 99.10 must be signed by the President/CEO and another executive officer or director.

    The affidavit on page 99.11 must be signed by the insurer's Canadian branch management.

    The affidavit on page 99.15 must be signed by the head office President / CEO.

    Refer also to "Section IV - Detailed Instructions" for further details.

    Electronic filing

    For electronic filing instructions, please refer to the Regulatory Reporting System (RRS) – Manage Financial Returns User Guide (PDF) located on the OSFI website.

    Filing requirements

    Federally regulated insurers
    P&C returns Due dates XML file Special Excel file Other electronic file Printed copy Other comments
    P&C Annual Filings (Core Financial Statements (PC1), Supervisory Quarterly Return (PC2), Supervisory Annual Return (PC3) and special excel file (OSFI662)) Within 60 days Yes Yes No No n/a
    P&C Quarterly Filings (Core Financial Statements (PC1), Supervisory Quarterly Return (PC2), and special excel file (OSFI662)) Within 45 days Yes Yes No No n/a
    Minimum Capital Test (MCT) / Branch Adequacy of Assets Test (BAAT) Annual Filing (PC4) and special excel file (OSFI974) Within 60 days Yes Yes No No n/a
    MCT/BAAT Quarterly Filing (PC4) and special excel file (OSFI974) Within 45 days Yes Yes No No n/a
    Auditor's Report to the Superintendent (OSFI625) – Canadian Within 60 days No No Yes No n/a
    Auditor's Report to the Superintendent (OSFI625) – Reinsurers Within 90 days No No Yes No n/a
    Auditor's Report to the Superintendent (OSFI625) – Foreign May 31 No No Yes No n/a
    Auditor's Report for the MCT (OSFI650) – Canadian only Within 60 days No No Yes No n/a
    Auditor's Report for the BAAT (OSFI655) – Foreign only May 31 No No Yes No n/a
    Appointed Actuary's Report (AAR) (OSFI605) Within 60 days No No Yes No n/a
    AAR Supplementary Tables (OSFI987) Within 60 days No No Yes No n/a
    AAR Discount Curve (PC6) Within 60 days Yes No No No n/a
    Financial Condition Testing (FCT) (OSFI610) See comment No No Yes No Earlier of: 30 days after presentation to the Board of Directors/ Branch Management, and one year after fiscal year end.
    FCT Template (OSFI952) See comment No No Yes No Earlier of: 30 days after presentation to the Board of Directors/ Branch Management, and one year after fiscal year end.
    External Review Report – AAR (OSFI615) See comment No No Yes No Pre-release ERRs: 60 days; Post release ERRs: 90 days
    External Review Report – FCT (OSFI608) December 31 No No Yes No n/a
    External Review Report – Other (OSFI607) See comment No No Yes No As specified and must be requested by contacting RRSsupport-SDRsoutien@osfi-bsif.gc.ca or at 613-991-0609
    Unpaid Claims and Loss Ratio exhibits (PC5) Within 60 days Yes No No No n/a
    Annual Financial Statement to Shareholders (OSFI597) See comment No No Yes See comment

    Due -15 days prior to the annual meeting date. If AGM is held by resolution in writing, due +30 days from resolution date.

    If electronic file is not available, one hard copy is required.

    Earthquake Exposure Data Return (OSFI659) May 31 Yes No No No XML format or manual entry via online RRS form.
    ORSA Key Metric Report (OP) Various Yes No No No Due annually and within 30 days of the Board of Director's review or the Branch Management's signing off
    Standardized Stress Testing (OSFI935) See comment No No Yes No Earlier of: 30 days after presentation to the Board of Directors/ Branch Management, and one year after fiscal year end.
    Worldwide financial statements (OSFI645) – Foreign only Various No No Yes See comment If electronic file is not available, one hard copy is required.