RE:RE:RE:RE:RE:RE:RE:Why Canada’s banks stand to benefit as Poloz raises rates Canadian banks are “authorized” to sell eight types of insurance. They are: credit or charge card-related; creditors’ disability; creditors’ life; creditors’ loss of employment; creditors’ vehicle inventory; export credit; mortgage; and travel.
Canadian banks are prohibited from selling other types of insurance – such as home and auto – through their branches. They are allowed to sell through subsidiaries but are not allowed to provide access, from the banks’ web pages, to other web pages through which non-authorized types of insurance are sold.
https://www.canadianunderwriter.ca/insurance/ibao-continues-efforts-to-maintain-restrictions-on-banks-selling-insurance-1003860156/