FA Scope

wilsonchan18wilsonchan18
in Dutil.FA

Hi,

Can I confirm that this FA only talking about the Mechanism on the Residual Market for Private Automobile?
Cause I remembered somehow I saw the RSP happened to be be on Residual Property Market as well...
So I am not too much clear on the scope of "FA".

Thanks and Warm Regards,
Wilson

Comments

  • Staff-T1Staff-T1

    No as far as I am ware the FA only deals with auto insurance
    As per their vision: Facility Association is recognized as an essential component of the Canadian P&C insurance industry, supporting Canadians and the Canadian economy through its highly efficient and effective administration of automobile insurance residual markets and data governance

    I do not think there would be a "residual" property market as property insurance is not mandatory unlike auto, so there is no need to guarantee that every individual can purchase property insurance

  • wilsonchan18wilsonchan18

    Clear enough, Thanks :)

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