Disclosure on BCAA Insurance Corporation Products

British Columbia Automobile Association (BCAA) is committed to providing its members and clients with full disclosure and transparency on all insurance-related transactions, processes and procedures. To that end, BCAA is pleased to present the following information on insurance products underwritten by BCAA Insurance Corporation – specifically Home, Recreational Vehicle, Travel Insurance and Travel Accident Insurance products.

There are three parties to an application for one of these types of insurance coverage:

• the applicant
• BCAA Insurance Corporation
• B.C.A.A Holdings Ltd.

Proposed transactions are between the applicant and BCAA Insurance Corporation – a provincially licensed insurer, regulated by the British Columbia Financial Services Authority.

B.C.A.A Holdings Ltd. is responsible for facilitating proposed transactions. This role is carried out by individual insurance agents who are employees of B.C.A.A Holdings Ltd. All BCAA insurance agents hold a general insurance license as required by the Insurance Council of British Columbia.

B.C.A.A Holdings Ltd. is compensated for facilitating insurance transactions by way of a commission paid by BCAA Insurance Corporation. Here is a breakdown of those commissions:

In some cases, BCAA Insurance Corporation may also pay a referral fee to a party unrelated to the transaction.

Disclosure on BCAA
Non-Underwitten Products

The Financial Institutions Act requires that the information contained in this Disclosure Notice be provided to a customer prior to the customer entering into a financial transaction.

Auto Insurance

Proposed transactions are between the applicant and CAA Insurance Company (BCAA Optional Car Insurance policies), Royal & Sun Alliance Insurance Company of Canada (Advantage Auto policies) and the Insurance Corporation of British Columbia (Autoplan policies).

B.C.A.A Holdings Ltd. is responsible for facilitating proposed transactions. This role is carried out by individual insurance agents who are employees of B.C.A.A Holdings Ltd. All BCAA insurance agents hold a general insurance license as required by the Insurance Council of British Columbia.

B.C.A.A Holdings Ltd. is compensated for facilitating insurance transactions by way of a commission paid by CAA Insurance Company (BCAA Optional Car Insurance policies), Royal & Sun Alliance Insurance Company of Canada (Advantage Auto policies) and the Insurance Corporation of British Columbia (Autoplan policies).

Life Insurance and Health and Dental Insurance

Proposed transactions are between the applicant and The Manufacturers Life Insurance Company (Manulife Financial).

BCAA Insurance Agency is responsible for facilitating proposed transactions. This role is carried out by individual life advisors who are employees of BCAA Insurance Agency. All BCAA life advisors hold an individual life insurance license as required by the Insurance Council of British Columbia.

B.C.A.A Holdings Ltd. is compensated for facilitating insurance transactions by way of a commission paid by The Manufacturers Life Insurance Company (Manulife Financial).

Pet Health Insurance

Proposed transactions are between the applicant and Petline Insurance Company.

B.C.A.A Holdings Ltd. is responsible for facilitating proposed transactions. This role is carried out via e-commerce through a quote/purchase option online on BCAA’s website.

B.C.A.A Holdings Ltd. is compensated for facilitating insurance transactions by way of a commission paid by Petline Insurance Company.