Risk based Market Conduct - Canadian Council of Insurance Regulators

Initiative/Project Name:	Risk based Market Conduct (RbMC)
Status:	Complete
Description:	The objective of the Committee was to develop and document a vision of risk based market conduct regulation and appropriate tools to support such vision that individual regulators can consider for adoption in their jurisdictions or might employ collectively with other regulators in addressing shared market conduct concerns. Fall 2008: CCIR agreed to the posting of finalized English and French versions of An Approach to Risk-based Market Conduct Regulation on the CCIR website. In spring 2009, CCIR approved the use of the Approach paper as a framework for risk-based regulation. Regulators will continue to develop risk-based market conduct regulatory tools and practices for use in their individual jurisdictions and share them with CCIR. The CCIR thanked the RbMC Committee for a job well done, noted that they have fulfilled their mandate admirably and agreed to disband the committee.

Initiative/Project Name:

Risk based Market Conduct (RbMC)

Status:

Complete

Description:

The objective of the Committee was to develop and document a vision of risk based market conduct regulation and appropriate tools to support such vision that individual regulators can consider for adoption in their jurisdictions or might employ collectively with other regulators in addressing shared market conduct concerns.

Fall 2008: CCIR agreed to the posting of finalized English and French versions of An Approach to Risk-based Market Conduct Regulation on the CCIR website.

In spring 2009, CCIR approved the use of the Approach paper as a framework for risk-based regulation. Regulators will continue to develop risk-based market conduct regulatory tools and practices for use in their individual jurisdictions and share them with CCIR.

The CCIR thanked the RbMC Committee for a job well done, noted that they have fulfilled their mandate admirably and agreed to disband the committee.

Publications:

Document Name	Date	Description
Final report on Approach to RbMC	October 2008	Final report from CCIR: An Approach To Risk-Based Market Conduct Regulation
Stakeholder submissions - RbMC consultation	May 2008	Stakeholder submissions on CCIR Consultation document regarding RbMC
Consultation Document - RbMC	January 2008	Consultation document from CCIR regarding an Approach to Risk-Based Market Conduct Regulation
Life Insurance Companies - RbMC Questionnaire	December 2004	Self-assessment RbMC questionnaire for Life Insurance companies
P&C Companies - RbMC Questionnaire	November 2004	Self-assessment RbMC questionnaire for Property & Casualty Insurance companies
RbMC Committee report	July 2004	Report from RbMC committe - A Survey of Approaches
Life - Self-assessment questionnaire	June 2000	Self-Assessment Questionnaire for Life and Health Insurance Providers
Letter to Life and Health Insurers	March 31, 2000	Letter from CCIR advising of Market Conduct review initiatives