This guidance was initiated by the Committee on Property and Casualty Financial Reporting (PCFRC), in collaboration with the Office of the Superintendent of Financial Institutions (OSFI) and the Autorité des marchés financiers (AMF), to provide clarity to practitioners regarding Section 4.2.2 Margin for Unexpired Coverage of OSFI’s Minimum Capital Test Guideline and Section 3.3.2 of AMF’s Capital Adequacy Requirements – Property and Casualty Insurance. This educational note aims to assist the actuary by offering enhanced clarity on the types of contracts subject to the margin for unexpired coverage in the MCT, the relevant components of future cash flows, and other specific considerations identified by regulators.
This document was replaced by document 225121.
This document was archived November 12, 2025