Life insurance giant Primerica Inc. says proposed new Canadian regulations could hurt its business.
The Canadian government is proposing to implement a new life insurance licensing examination program across Canada in early 2016. Duluth, Ga.-based Primerica (NYSE: PRI) reported Monday that “If this new licensing program is implemented under the terms set forth in the agreements, we believe it would increase the cost, time and ability of applicants to obtain their life insurance licenses in Canada.”
“Primerica is supportive of reasonable and fair changes to Canada’s licensing program,” the company reported. “However, we believe the new licensing approach will create unnecessary barriers to becoming life-insurance licensed in Canada and will negatively affect access to life insurance products by middle income Canadians. The new testing program was developed by the regulators outside of normal processes and we believe without proper authority.
We are hopeful that the regulators will consider our concerns in good faith and make changes to the program that will ensure the new licensing program is appropriately designed to protect Canadian consumers and the ability to serve them.”
Primerica reported that last year, its Canadian operations represented approximately 7 percent of its new life-licensed representatives, approximately 10 percent of its total life-licensed representatives (at
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Organo Gold Opens New $10 Million HQ In Canada
by Ted Nuyten • • 0 Comments
Organo Gold is about to add another landmark building to the city of Richmond, British Columbia. The new $10 Million Organo Gold International Headquarters building will be just one of many memorable sites on the landscape of Richmond.
The new building will be treated to a very special Feng Shui blessing ceremony. For those of you not familiar with the Chinese art of Feng Shui, here are a few facts about how it works, and the history of this ancient practice:
Feng Shui blessing ceremonies have been used throughout history to clear the energy (known as “chi”) of any particular space or home, thus making the space more harmonious for those who live or work in the space.The term Feng Shui literally translates as “wind water” in English.Feng Shui has been practiced for over 3000 years in China, and in contemporary times has spread to the Western world.
The practice is based on the scientific principle of energy — the ancient Chinese understood that energy is a constant force in the universe, and surrounds us in everything that we interact with. Feng Shui was developed as a means to harness that energy in the best possible way to ensure only a positive outcome.
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