Insurance Business (Authorized Foreign Banks) Regulations

Version of section 4 from 2006-03-22 to 2012-02-29:


 No authorized foreign bank shall, in Canada, promote an insurance company, agent or broker unless

  • (a) the company, agent or broker deals only in authorized types of insurance; or

  • (b) the promotion takes place outside a branch of the authorized foreign bank and is directed to

    • (i) all of the holders of credit or charge cards issued by the authorized foreign bank who receive regularly mailed statements of account,

    • (ii) all of the authorized foreign bank’s customers who are natural persons and who receive regularly mailed statements of account, or

    • (iii) the general public.

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