CGA加拿大注册会计师Insurance Fund

　　高顿网校小编为您介绍Management Discussion and Analysis-Insurance Fund：
 

　　CGA-Canada establishes the designation’s certification requirements and professional standards, offers professional development, conducts research and advocacy and represents CGAs nationally and internationally.
 

　　The total insurance fund increased by $550,000 in fiscal 2013. The increase is mainly due to premiums collected exceeding claims settled, and reductions in other expenses paid out as of year end.
 

　　The purpose of the insurance fund is to maintain an insurance framework for public practitioners. For efficient operation of this insurance program, the insurer, the broker, the adjuster, CGA-Canada staff, the chair of the Practitioner Liability Insurance Committee (PLIC) and the committee, work closely together.
 

　　Two programs, Office Contents and Corporate Identity Protection, are continuously offered to practitioners to extend their benefits while reducing exposure to risk.
 

　　The insurance fund is made up of a portion of the premiums collected from practitioners in addition to accumulated interest minus CGA-Canada’s liability for the claims, consulting fees, and administrative expenses. If the claims for a given coverage year exceed CGA-Canada’s self-retention aggregate of $100,000 per claim, or $1.5 million in aggregate, the insurer is responsible for those amounts.
 

　　All investments in the fund are held in highly liquid investments including guaranteed investment certificates and money market funds since they are intended to meet future liquidity needs resulting from claims.
 

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