Reporting Requirements for Federally Regulated Mortgage Insurers

Document properties

  • Date: December 2023
Return title Date of submission Frequency Subject to LEFP Canadian mortgage insurers
MI Quarterly Supervisory (MI3/MI4) 45 days Quarterly ✓ subject to LEFP Yes
MI Annual Supervisory (MI3/MI4/MI5) 60 days Annual ✓ subject to LEFP Yes
MI Quarterly Supervisory - Unstructured (973) 45 days Quarterly ✓ subject to LEFP Yes
MI Quarterly Supervisory - Unstructured (973) 60 days Annual ✓ subject to LEFP Yes
Mortgage Insurance Capital Adequacy Test (MICAT) (MI) 45 days Quarterly ✓ subject to LEFP Yes
Mortgage Insurance Capital Adequacy Test (MICAT) (MI) 60 days Annual ✓ subject to LEFP Yes
MICAT - Unstructured (937) 45 days Quarterly ✓ subject to LEFP Yes
MICAT - Unstructured (937) 60 days Annual ✓ subject to LEFP Yes
Auditor's Report on MICAT (632) 90 days Annual ✓ subject to LEFP Yes
Auditor's Report to the Superintendent (625) - Canadian 60 days Annual ✓ subject to LEFP Yes
Appointed Actuary's Report (AAR) (605) 60 days Annual ✓ subject to LEFP Yes
AAR Supplementary Tables - P&C/MI (987) 60 days Annual ✓ subject to LEFP Yes
AAR Discount Curve (PC6) 60 days Annual ✓ subject to LEFP Yes
Financial Condition Testing (FCT) (610) Various Footnote a Annual ✓ subject to LEFP Yes
FCT Template - P&C (952) Various Footnote a Annual ✓ subject to LEFP Yes
External Review Report - AAR (615) Various Footnote b Annual ✓ subject to LEFP Yes
External Review Report - FCT (608) December 31 Annual ✓ subject to LEFP Yes
External Review Report - Other (607) Footnote c Various Footnote e Annual N/A Yes
ORSA Key Metrics Report (OP) Various Footnote d Annual ✓ subject to LEFP Yes
Earthquake Exposure Data Return (659) May 31 Annual ✓ subject to LEFP Yes
Unpaid Claims and Loss Ratio Exhibits (PC5) 60 days Annual ✓ subject to LEFP Yes

Footnotes

Footnote a

Earlier of: 30 days after presentation to Board of Directors/Chief Agent, and one year after fiscal year-end

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Footnote b

Pre-release ERRs: 60 days; Post release ERRs: 90 days

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Footnote c

ERR for Other(607) must be requested by contacting RRSsupport-SDRsoutien@osfi-bsif.gc.ca or at 613-991-0609

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Footnote d

Submitted to OSFI at least annually and within 30 days of report being reviewed by the Board of Directors / signed off by the Chief Agent

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Footnote e

As specified

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