Self-Serve Portal

Annual Return Filing Requirements

New Brunswick Provincially Registered Insurers

Pursuant to Subsection 79(1) of the Insurance Act, please be advised that your annual return filing requirements are as follows:  

Life Companies: Fiscal Period Ending December 31 

  1. OFSI’s Core Financial Statement Return (LF1)
  2. OSFI’s Supervisory Quarterly Return (LF2)
  3. OSFI’s Supervisory Annual Return (LF3)
  4. OSFI’s Life Insurance Capital Adequacy Test (LICAT)
  5. Auditors Report on LICAT
  6. New Brunswick’s - Life Insurers Supplementary Information Return
  7. DCAT (Minimum Regulatory Capital Requirement)   
  8. Audited Financial Statements and Auditor’s Report with the same details as listed in s. 78 of the Insurance Act.
  9. Management Letter prepared by Auditor
  10. Actuarial Report
  11. Current Investment Policy
  12. Compliance investment report as of December 31
  13. Investment Statements as of December 31
  14. Letter indicating appropriate contact information, should further information be required.

Other Than Life Companies: Fiscal Period Ending December 31

  1. OSFI’s Core Financial Statement Return (PC1)
  2. OSFI’s P&C Supervisory Quarterly Return (PC2)
  3. OSFI’s P&C Supervisory Annual Return (PC3)
  4. OSFI’s P&C MCT/BAAT Quarterly Return (PC4) 
  5. Audited Financial Statements and Auditor’s Report with the same details as listed in s. 78 of the Insurance Act.
  6. Management Letter prepared by Auditor 
  7. Actuarial Report
  8. Current Investment Policy
  9. Compliance investment report as of December 31
  10. Investment Statements as of December 31
  11. Support for MCT calculation including Interest Rate Risk calculation.
  12. Letter indicating appropriate contact information, should further information be required.

Please note that the above annual filings are required to be received by our office no later than March 31st.  Should any of the documentation noted above not be ready for submission at the time of filing, a letter must be included outlining same and the date on which the information will be submitted. We strongly encourage insurers to file the above documentation electronically, in Adobe or Excel format, by emailing insurance.finance@fcnb.ca. If you prefer to file hard-copy, note that two complete packages are required and that one must be a single-sided copy. 

Should you have any questions, please do not hesitate to contact our office:  insurance.finance@fcnb.ca.   

Federally Registered Insurers and Extra-Provincially Registered Insurers Licensed To Do Business In New Brunswick

Pursuant to Subsection 79(1) of the Insurance Act, please be advised that the Annual Return filing requirements are as follows:

Life Companies, Fraternal Companies:    

  1. Page 10.000 - OSFI’s Supervisory Annual Return (LF3)
  2. Page 95.010 - OSFI’s Supervisory Quarterly Return (LF2)
  3. NB’s - Life Insurer Supplementary Information Return

Other Than Life Companies:

  1. Page 10.10 - OSFI’s Supervisory Annual Return (PC3)
  2. OSFI’s Supervisory Quarterly Return (PC2) pages: 93.30 and 94.20

Please note that the above annual filings are required to be received by our office no later than March 31st. Should any of the records noted above not be ready for submission at the time of filing, a letter must be included outlining same and the date on which the information will be submitted. We strongly encourage insurers to file the above documentation electronically, in Adobe or Excel format, by emailing insurance.finance@fcnb.ca.     

In an effort to increase efficiency and provide you with the most current information regarding Annual Return filing requirements, Premium Tax and/or Automobile Insurance Levy issues, we ask that you please provide an email address(s) to be added to your file. Please visit our website for general notices and useful information.

Should you have any questions, please don’t hesitate to contact our office: insurance.finance@fcnb.ca