Mortgage Insurance Disclosure (Trust and Loan Companies, Retail Associations, Canadian Insurance Companies and Canadian Societies) Regulations (SOR/2010-69)

8 If, on the first day of a fiscal quarter, an institution has, in any of the first four fiscal quarters of the preceding five fiscal quarters, received payments or benefits in respect of mortgage insurance from an insurer under an arrangement referred to in subsection 6(1) on a basis other than that referred to in section 7 and each of those five preceding fiscal quarters begins on or after July 1, 2010, the institution must disclose

• (a) in respect of each type of activity that is the subject of such payments or benefits, the total amount, expressed in dollars, of such payments or benefits received from that insurer in those first four fiscal quarters;

• (b) each of the total amounts referred to in paragraph (a) expressed, respectively, as a percentage of the total amount paid to the insurer by the institution in respect of policies and guarantees in those first four fiscal quarters; and

• (c) in respect of a particular borrower that obtains a residential mortgage from that institution, the amounts, expressed in dollars, that are determined by multiplying the amount that the institution charges the borrower for mortgage insurance by each of the percentages referred to in paragraph (b).