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Brief
The Investment Limits (Foreign Companies) Regulations, made under the Insurance Companies Act, came into effect on June 1, 1992. The regulations establish limits on investments in Canada by foreign companies.
The regulations provide for the prescribed percentage of the value of assets in Canada that can be invested by different types of foreign insurance companies. These include:
- Foreign life companies for classes of insurance referred to in subsection 618(1) at 15 per cent, and for classes of insurance referred to in subsection 618(2) at 10 per cent.
- Foreign property and casualty companies or marine companies at 10 per cent.
The regulations also set a limit of 25 percent on investments in equities by foreign insurance companies.
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