Category: Insurance

22 Dec
Prohibition on gifts of life insurance policies to charities in British Columbia by BC residents

Prohibition on gifts of life insurance policies to charities in British Columbia by BC residents

By Margaret Mason, QC Source: Norton Rose Fulbright We have recently reviewed redacted correspondence from the BCFSA (BC Financial Services Authority, formerly FICOM), the regulator of the Insurance Act, to a registered charity in British Columbia that advises that: accepting life insurance policies as donations is trafficking in insurance in contravention of section 152 of the Insurance Act (which is an […]

07 Jan

What Makes A Financial Service’s Website Successful?

Financial services must tie these three factors together – customer experience, best practices and reliability/responsiveness – to have an effective web presence. They can’t go hard into one particular area and ignore the others. They have to understand what’s available versus their competitors, what consumers think of their sites versus competitors’ and how their sites are performing.