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