March 24, 2011
Canadian Council of Insurance Regulators
CCIR Secretariat
5160 Yonge Street, Box 85
17th Floor
Toronto, Ontario M2N 6L9
Re: Managing General Agencies Life Insurance Distribution Model
Dear Mme Boulet and Council,
The Canadian Association of Financial Institutions in Insurance (CAFII) has reviewed the consultation paper on Managing General Agencies Life Insurance Distribution Model. We think the paper is very well written and focused on important aspects of the MGA model for distribution of insurance. We are writing to advise that CAFII is monitoring the topic but at this stage we do not have a unique perspective from the Canadian Life and Health Insurance Association. We will therefore not be making a separate submission.
Thank you for including CAFII in this consultation. We look forward to reviewing any further papers the CCIR may produce on this topic. We will become engaged in the matter should it evolve to a stage that includes issues with a specific impact on our members’ business models.
Yours truly,
John Lewsen
Chair, Executive Operations Committee
Canadian Association of Financial Institutions in Insurance