CCIR Winter Conference Call and Spring Meeting Highlights

Below are the meeting highlights from the winter conference call and spring meeting as posted on the CCIR website.

CCIR Winter Conference Call 2009

Incidental Selling of Insurance Working Group (ISI) –The ISI report was posted on the CCIR website in November 2008. Responsibility for implementing the recommendations in the report falls to the Standards of Practice Standing Committee and the new ISI Statistical Committee.

Industry Practices Review Committee (IPRC) – The IPRC final report was posted on the CCIR website in December 2008. This paper presents the results of the review of the industry’s implementation of the three principles for managing conflicts of interest. The committee was disbanded.

Complaint ReportingSystem –National Expansion Working Group (CRS)- The system work on the expanded system, being led by the L'Autorité des marchés financiers, Québec, is on track for a July 1st 2009 rollout. The CRS Working Group is exploring the possibility of usingwebinars - interactive internet seminars – for communications

with stakeholders on the rollout as a cost effective option that will save travel and other costs.

CCIR Spring Meeting 2009

CCIR Executive Elections :

Chair : Danielle Boulet, Superintendent of Solvency, L'Autorité des marchés financiers, Québec

Vice-Chairs :

Bob Christie Chief Executive Officer & Superintendent FSCO

Douglas Murphy Superintendent of Insurance Department of Finance, Nova Scotia

Arthur HaganDeputy Superintendent of Insurance and Financial Institutions Alberta Finance

The members of CCIR extended their thanks and warmest regards to Michael Grist as he leaves the Chair after a very successful four year term.

CCIR members appointed to the Joint Forum

The CCIR announced appointments to the Joint Forum of Financial Market Regulators for the period from April 1, 2009 to March 31, 2011:

• Danielle Boulet (QC), Insurance Lead

• Bob Christie (ON)

• Jim Hall (SK)

• Jim Scalena (MB)

• Suzanne Bonnell-Burley (NB)