(October 5 – 13:55 ET) – In testimony today before the House of Commons Finance Committee, the Canadian Life and Health Insurance Association expressed strong support for Bill C-38, which puts in place the new legislative framework for Canada’s financial services sector.

CLHIA believes that Bill C-38 will provide not only enhanced protection for Canadian consumers, but also increased competitive flexibility for life and health insurers and for the Canadian financial services industry generally.

In his remarks to the Committee, Mark Daniels, CLHIA president, emphasized that “in the interests of clarity, certainty and putting in place a modernized and internationally competitive legislative framework, Bill C-38 should be passed and proclaimed into force as soon as possible.”
-IE Staff