No. G-05/97
- General
Licensing Changes - Second Quarter 1997
As part of ongoing efforts to communicate matters of interest to the insurance industry, the Ontario Insurance Commission (OIC) is releasing the following information on changes to licences for the quarter ending June 30, 1997.
The changes in the second quarter of 1997 include annnouncements of licences issued to newinsurers, insurance company amalgamations, licence cancellations and amendments.
New companies:
- AMEX Assurance Company
The company is licensed for accident and sickness insurance to the extent authorized by its Articles of
Incorporation and limited to group flight insurance and group travel accident insurance, on the condition that if, in its transaction of its business in Ontario,
the company uses a French form of name, that name shall be AMEX Compagnie d'Assurance.
AMEX Assurance Company's contact in Ontario is
Ms. Judy K. Ha Chief Agent
c/o Judy Ha & Associates Inc. 60 Bloor St. W., Suite 403 Toronto, Ontario M4W 3L8
Phone: (416) 969-9216
Fax: (416) 969-9407
|
2 April 1997 |
Amalgamations:
Licence Cancellations:
The licences of the following insurers have been cancelled after satisfactory arrangements have been made for any insurance liabilities.
|
30 June 1997 |
|
23 June 1997 |
- The American Insurance Company
The company settled its policy liabilities in Ontario.
|
23 June 1997 |
|
30 June 1997 |
|
28 May 1997 |
|
28 May 1997 |
|
20 June 1997 |
|
24 April 1997 |
|
25 June 1997 |
Other licence amendments:
- Lawyers' Professional Indemnity Company
Class Added: Title
|
17 April 1997 |
|
19 June 1997 |
- Northwestern National Life Insurance Company
Name change: ReliaStar Life Insurance Company.
Conditions amended to read: Limited to the business of reinsurance, except that the company may
also provide insurance on the lives of residents
of Ontario insured under group policies issued
in the United States, and on the condition that,
if, in the transaction of its business in Ontario,
the company uses a French name, that name shall be
Compagnie D'Assurance-Vie ReliaStar.
|
19 June 1997 |
- OTIP/RAEO Insurance Company Inc.
Name Change: Everest Insurance Company of Canada Classes Added: Aircraft, Boiler and Machinery, Credit, Fidelity, Hail, Surety, Marine
|
25 June 1997 |
|
4 June 1997 |
|
18 June 1997 |
|
3 April 1997 |
|
18 June 1997 |
- Swiss Re Life Canada
Name Change: Swiss Re Life & Health Canada
|
26 June 1997 |
Grant S. Swanson
Acting Superintendent of Insurance
August 11, 1997