Our organization, the Property and Casualty Insurance Compensation Corporation, is the guaranteed fund that provides insolvency protection for home, car and business insurance consumers in the unlikely incidence when a member company fails.

Mr. Harry H. Panjer, President Elect, Canadian Institute of Actuaries: With me today from the Canadian Institute of Actuaries are Ms Claudette Cantin, Vice-President responsible for property casualty insurance matters and a member of the task force an insurance legislation; and Mr. Morris Chambers, Chairperson of the Task Force on Insurance Legislation, whose task force prepared our submission on the June 1996 white paper. We appreciate very much our continued involvement in commenting on the proposed legislation relating to insurance matters.

up to 100 % of the costs of the introduction of quality assurance schemes such as ISO 9000 or 14000 series, systems based on hazard analysis and critical control points (HACCP), traceability systems, systems to assure respect of authenticity and marketing norms or environmental audit systems.

Capital is integral to ensuring a stable and healthy P and C insurance industry and in turn affordable and available insurance for Canadian consumers.

Five selection procedures, with a high number of applications per selection round showing interest in the programme, were concluded during 2005 for JEPs (curriculum development, university management, institution-building covering a wide range of areas), structural and complementary measures (design of quality assurance systems, introduction of credit transfer mechanisms, updating of training programmes, the use of information and communication technologies and the strengthening of international relations directly ...[+++] linked to the action lines of the Bologna process) and individual mobility grants (retraining and study periods, preparatory activities for JEPs and participation in specific conferences and seminars).

With respect to the amendments brought to the Insurance Companies Act, The Canadian Association of Mutual Insurance Companies, CAMIC concurs with the only amendment that specifically targets mutual insurance companies, that is, an amendment to paragraph 449(2)(c), which clarifies the exemption from the Property and Casualty Insurance Compensation Corporation afforded to mutual insurance companies' members of the Fire Mutuals Guarantee Fund.