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Canadian Life And Health Insurance Association
The Canadian Life and Health Insurance Association Inc. (CLHIA; french: Association canadienne des compagnies d'assurances de personnes) is a voluntary trade organization representing life insurance and health insurance providers in Canada. The organization was formed as the Canadian Life Managers Association by executives representing eight Canadian life insurance companies on May 5, 1894; and was incorporated in 1901 as the Canadian Life Insurance Officers Association. The association is a member of thGlobal Federation of Insurance Associationswhose member associations represent insurers that account for about 87 per cent of total insurance premiums worldwide. Leadership Since 2007, Frank Swedlove has been serving as the association's president while the current chair of the board (2014–2015) is Donald Guloien, president and chief executive officer of Manulife Financial Corporation. Recent activities In May 2010, Ontario Member of Provincial Parliament (MPP) Jeff Leal intr ...
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Toronto
Toronto ( ; or ) is the capital city of the Canadian province of Ontario. With a recorded population of 2,794,356 in 2021, it is the most populous city in Canada and the fourth most populous city in North America. The city is the anchor of the Golden Horseshoe, an urban agglomeration of 9,765,188 people (as of 2021) surrounding the western end of Lake Ontario, while the Greater Toronto Area proper had a 2021 population of 6,712,341. Toronto is an international centre of business, finance, arts, sports and culture, and is recognized as one of the most multicultural and cosmopolitan cities in the world. Indigenous peoples have travelled through and inhabited the Toronto area, located on a broad sloping plateau interspersed with rivers, deep ravines, and urban forest, for more than 10,000 years. After the broadly disputed Toronto Purchase, when the Mississauga surrendered the area to the British Crown, the British established the town of York in 1793 and later designat ...
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New Democratic Party Of Ontario
The Ontario New Democratic Party (french: link=no, Nouveau Parti démocratique de l'Ontario; abbr. ONDP or NDP) is a social-democratic political party in Ontario, Canada. The party currently forms the Official Opposition in Ontario following the 2018 general election. It is a provincial section of the federal New Democratic Party. It was formed in October 1961 from the Co-operative Commonwealth Federation (Ontario Section) (Ontario CCF) and the Ontario Federation of Labour (OFL). For many years, the Ontario NDP was the most successful provincial NDP branch outside the national party's western heartland. It had its first breakthrough under its first leader, Donald C. MacDonald in the 1967 provincial election, when the party elected 20 Members of Provincial Parliament (MPPs) to the Ontario Legislative Assembly. After the 1970 leadership convention, Stephen Lewis became leader, and guided the party to Official Opposition status in 1975, the first time since the Ontario CCF d ...
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Trade Associations Based In Canada
Trade involves the transfer of goods and services from one person or entity to another, often in exchange for money. Economists refer to a system or network that allows trade as a market. An early form of trade, barter, saw the direct exchange of goods and services for other goods and services, i.e. trading things without the use of money. Modern traders generally negotiate through a medium of exchange, such as money. As a result, buying can be separated from selling, or earning. The invention of money (and letter of credit, paper money, and non-physical money) greatly simplified and promoted trade. Trade between two traders is called bilateral trade, while trade involving more than two traders is called multilateral trade. In one modern view, trade exists due to specialization and the division of labour, a predominant form of economic activity in which individuals and groups concentrate on a small aspect of production, but use their output in trades for other products a ...
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Insurance Industry Organizations
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by o ...
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Non-profit Organizations Based In Toronto
A nonprofit organization (NPO) or non-profit organisation, also known as a non-business entity, not-for-profit organization, or nonprofit institution, is a legal entity organized and operated for a collective, public or social benefit, in contrast with an entity that operates as a business aiming to generate a profit for its owners. A nonprofit is subject to the non-distribution constraint: any revenues that exceed expenses must be committed to the organization's purpose, not taken by private parties. An array of organizations are nonprofit, including some political organizations, schools, business associations, churches, social clubs, and consumer cooperatives. Nonprofit entities may seek approval from governments to be tax-exempt, and some may also qualify to receive tax-deductible contributions, but an entity may incorporate as a nonprofit entity without securing tax-exempt status. Key aspects of nonprofits are accountability, trustworthiness, honesty, and openness to eve ...
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1894 Establishments In Ontario
Events January–March * January 4 – A military alliance is established between the French Third Republic and the Russian Empire. * January 7 – William Kennedy Dickson receives a patent for motion picture film in the United States. * January 9 – New England Telephone and Telegraph installs the first battery-operated telephone switchboard, in Lexington, Massachusetts. * February 12 ** French anarchist Émile Henry sets off a bomb in a Paris café, killing one person and wounding twenty. ** The barque ''Elisabeth Rickmers'' of Bremerhaven is wrecked at Haurvig, Denmark, but all crew and passengers are saved. * February 15 ** In Korea, peasant unrest erupts in the Donghak Peasant Revolution, a massive revolt of followers of the Donghak movement. Both China and Japan send military forces, claiming to come to the ruling Joseon dynasty government's aid. ** At 04:51 GMT, French anarchist Martial Bourdin dies of an accidental detonation of his own bomb, next ...
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Office Of The Superintendent Of Financial Institutions
The Office of the Superintendent of Financial Institutions (OSFI; french: Bureau du surintendant des institutions financières, BSIF) is an independent agency of the Government of Canada reporting to the Minister of Finance created "to contribute to public confidence in the Canadian financial system". It is the sole regulator of banks, and the primary regulator of insurance companies, trust companies, loan companies and pension plans in Canada. The current Superintendent is Peter Routledge, who was appointed in June 2021. He replaced Jeremy Rudin, who retired. The term of the appointment is seven years. Mandate The Office of the Superintendent of Financial Institutions (OSFI) was created to contribute to public confidence in the Canadian financial system. OSFI's mandate is to protect depositors, policyholders, financial institution creditors and pension plan members, while allowing financial institutions to compete and take reasonable risks. Specifically OSFI achieves this th ...
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Assuris
Assuris is a nonprofit organization under Canadian federal regulation to protect policyholders of life insurance instruments if a life insurance company becomes insolvent. It is designed to allow a block of policies to be transferred to a solvent company in which the policies will continue to be honoured (similar to the Canada Deposit Insurance Corporation for deposit accounts). The Office of the Superintendent of Financial Institutions states, "Assuris' mission is to mitigate the impact on Canadian policyholders of the financial failure of a life insurance company." Every life insurer that is authorized to sell policies in Canada is required by the various provincial, territorial, and federal regulators to become a member of Assuris. Founded in 1990 as CompCorp, it was renamed to Assuris in 2005. Policies are protected as follows: *monthly income, health expense, death benefits, and cash values policyholders receive at least 85% of their promised benefits. *However, 100% protec ...
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Andrea Horwath
Andrea Horwath (; born October 24, 1962) is a Canadian politician who has been the 58th mayor of Hamilton since 2022. Horwath previously served as the member of Provincial Parliament (MPP) for Hamilton Centre from 2004 to 2022, as leader of the Ontario New Democratic Party (NDP) from 2009 to 2022 and as the leader of the Official Opposition in Ontario from 2018 to 2022. She was the first woman to lead the Ontario New Democratic Party, and the third woman (after Lyn McLeod and Kathleen Wynne) to serve as leader of a political party with representation in the Ontario provincial legislature, being elected as leader at the 2009 Ontario NDP leadership convention. During the 2018 provincial election, Horwath led the Ontario NDP to official opposition status after 23 years without government or official opposition status. The results of the 2022 provincial election, after which the Ontario NDP remained the official opposition, led to Horwath announcing her intention to resign ...
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Private Member's Bill
A private member's bill is a bill (proposed law) introduced into a legislature by a legislator who is not acting on behalf of the executive branch. The designation "private member's bill" is used in most Westminster system jurisdictions, in which a "private member" is any member of parliament (MP) who is not a member of the cabinet (executive). Other labels may be used for the concept in other parliamentary systems; for example, the label member's bill is used in the Scottish Parliament and the New Zealand Parliament, the term private senator's bill is used in the Australian Senate, and the term public bill is used in the Senate of Canada. In legislatures where the executive does not have the right of initiative, such as the United States Congress, the concept does not arise since bills are always introduced by legislators (or sometimes by popular initiative). In the Westminster system, most bills are " government bills" introduced by the executive, with private members' bills ...
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Ontario
Ontario ( ; ) is one of the thirteen provinces and territories of Canada.Ontario is located in the geographic eastern half of Canada, but it has historically and politically been considered to be part of Central Canada. Located in Central Canada, it is Canada's most populous province, with 38.3 percent of the country's population, and is the second-largest province by total area (after Quebec). Ontario is Canada's fourth-largest jurisdiction in total area when the territories of the Northwest Territories and Nunavut are included. It is home to the nation's capital city, Ottawa, and the nation's most populous city, Toronto, which is Ontario's provincial capital. Ontario is bordered by the province of Manitoba to the west, Hudson Bay and James Bay to the north, and Quebec to the east and northeast, and to the south by the U.S. states of (from west to east) Minnesota, Michigan, Ohio, Pennsylvania, and New York. Almost all of Ontario's border with the United States f ...
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Jeff Leal
John Jeffrey Leal (born December 13, 1954) is a Canadian politician who serves as the 63rd and current mayor of Peterborough. Previously, he was a member of the Legislative Assembly of Ontario from 2003 to 2018 who represented the riding of Peterborough. He served in the cabinet of Kathleen Wynne. On October 24, 2022 he was elected mayor of Peterborough. Background John Jeffrey Leal was born and raised in Peterborough. He attended Kenner Collegiate and has an Bachelor of Arts (Honours) degree in Economics and Political Science from Trent University (1978) and a degree in Business Administration from the University of Windsor (1981). Leal worked as executive assistant to members of Provincial Parliament (MPPs) John Eakins and Larry South in the 1980s. He was a health and safety representative for Coyle Corrugated Containers. He is married to Karan, a teacher and school principal, with two children, Braden and Shanae. Politics Municipal He served on the Peterborough City C ...
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