The Primary Regulator of Both the Life and Property

question 26

Multiple Choice

The primary regulator of both the life and property & casualty insurance industry is/are the

• A)OSFI.
• B)CDIC.
• C)The Bank of Canada.
• D)The Minister of Finance.
• E)Provincial/territorial regulators.

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Definitions:

Population

The entire group of individuals or items that is the subject of a statistical analysis.

Average Age

A statistical measure that summarizes the central tendency of ages within a given group by dividing the sum of all ages by the number of individuals.

Random

An event or action occurring without any discernible pattern or predictability, often used in statistical sampling and assignments.

Census

A complete enumeration of a population or group, often used to gather demographic, social, and economic data.