Tag: 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 […]