Every life and health insurance company authorized to sell insurance in Canada is required, by the federal, provincial, and territorial regulators, to become a member of Assuris under the Insurance Companies Act of Canada. Fraternal benefit societies and prepaid medical services companies can opt to become a member of Assuris. Member companies cannot terminate their membership as long as they have active business in Canada.
Member companies are regulated in Canada for both financial soundness and market conduct. For more information on regulation of companies.
Assuris protection applies separately to each member company.
