Finance, insurance and real estate and rental and leasing IBSP
526930 - Segregated (except pension) fundsCAN
This Canadian industry comprises funds that are separate investment accounts established by life insurers under the provisions of the Canadian and British Insurance Companies Act, or the corresponding sections of the Foreign Insurance Companies Act or a provincial act. Setting up of these funds allows life insurers' policyholders to invest in funds that are not subject to the investment restriction in effect on the insurers' portfolio as contained in the insurance act.
Illustrative example(s)
- segregated funds (except pension), of life insurance carriers
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