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Guideline G2 - Individual Variable Insurance Contracts Relating To Segregated Funds

This Guideline establishes industry standards for disclosure in point-of-sale IVIC documents and contracts, advertising disclosure, audit and accounting requirements, and minimum investment standards.
DistributionInsuranceDistribution guidelines and reference documentsInsurance guidelines and reference documentsSegregated Funds (IVICs)
The CLHIA Guideline G2, Individual Variable Insurance Contracts Relating to Segregated Funds, establish industry standards including standards for:

• advertising disclosure;
• pre-sale disclosure requirements;
• contract disclosure, including minimum contractual terms;
• contractholder rights;
• audit and accounting requirements;
• investment disclosure;
• minimum investments standards;
• corporate governance of segregated funds;
• partitioning of assets held in segregated funds;
• closing of segregated funds, and
• fundamental changes to and merger of segregated funds.

Related Reference Documents:

Making and Communicating a Decision to Limit or Suspend Contributions and/or Redemptions of a Fund
MEMBERS ONLY CONTENT
Answers to Frequently Asked Questions and Other Issues (re: Guideline G2)
MEMBERS ONLY CONTENT
Total Cost Reporting for Segregated Fund Contracts – Frequently Asked Questions
MEMBERS ONLY CONTENT
Bound Fund Facts - Optional Disclosure
MEMBERS ONLY CONTENT
Calculation and Disclosure of Performance Data re: G2
MEMBERS ONLY CONTENT
Electronic Processing of Individual Variable Insurance Contracts
MEMBERS ONLY CONTENT
Explanatory Notes to Amendments to Guideline G2, IVICs
MEMBERS ONLY CONTENT
Explanatory Notes to March 4, 2014 Amendments to G2 for IFRS (re: Guideline G2)
MEMBERS ONLY CONTENT
IVIC Filing Checklist and Schedule “A” Compliance Checklist (re: Guideline G2)
MEMBERS ONLY CONTENT
Nominee Name Accounts – Background on Account Structures and Processing
MEMBERS ONLY CONTENT
Overview of Amendments to Guideline G2, Individual Variable Insurance Contracts Relating to Segregated Funds
MEMBERS ONLY CONTENT
Plain Language and Readability (re: Guideline G2)
MEMBERS ONLY CONTENT
Recommended Practices for the Appropriate use of Deferred Sales Charges in the Sale of Individual Variable Insurance Contracts
MEMBERS ONLY CONTENT
Risk Classification
MEMBERS ONLY CONTENT
Sample Fund Facts
MEMBERS ONLY CONTENT
Sample Key Facts
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