Canada Production Insurance Regulations

Marginal note:Reports and information

• 29 (1) A production insurance agreement entered into with a province shall provide that the province shall provide the Minister with the following reports and information:

  • (a) an annual report on the administration of the insurance program, including wildlife compensation, if applicable, that sets out the audited financial statements, including

    • (i) information on the status of the provincial production insurance reserve and provincial production reinsurance funds, if applicable, and

    • (ii) current information by agricultural product, including the number of insurance contracts written, the amount of insurance in force, the number of exposure units or the area insured, the number of producers insured, the amount of premiums collected and the number and total amount of indemnities paid for that year;

  • (b) a quarterly report estimating, by agricultural product, the number of insurance contracts written, the amount of insurance in force, the amount of premiums paid, the number of exposure units or the area insured, the number of claims paid and the amount of indemnities paid;

  • (c) a quarterly report estimating, by agricultural product, the number of claims and indemnities paid for wildlife compensation; and

  • (d) reports and information for the insurance plans, and wildlife compensation, if applicable, requested by Canada for the purpose of auditing, evaluating and forecasting Canada’s future financial commitments and to ensure adequate linkages between insurance programs and other business risk management programs.

• Marginal note:Agreement to specify data

  (2) For the purpose of paragraph (1)(d), the agreement shall provide for the specific data to be provided.

• Marginal note:Protection of personal information

  (3) The requirement to provide information under subsection (1) is subject to the province’s privacy legislation.