The Canadian Insurance Accountants Association is committed to promoting and maintaining fair competition in accordance with the principles of the Canadian Competition Act. We recognize the importance of competition in providing consumers with high-quality products and services at a fair price, and we strive to conduct our business in a manner that promotes and protects competition.
It is CIAA’s policy to comply in all respects with Canadian antitrust laws. As such, we strongly discourage any anti-competitive practices, such as price fixing, market allocation, collusive bidding or the engagement in any agreements or conduct that could substantially prevent or lessen competition in the insurance industry. This applies to all types of agreements, whether written or verbal, formal or informal, and whether or not legally binding.
In addition, it is illegal to exchange, provide, or seek confidential business information that is not otherwise publicly available, with the intent or effect of preventing or lessening competition. This includes information such as sales, costs, market shares, or other competitively sensitive information. It is necessary to avoid any discussions that may result in anticompetitive conduct, and to refrain from engaging in any conduct that could be in violation of Canadian antitrust laws.
By adhering to these principles, we will help ensure a fair and competitive marketplace for the benefit of our members and the insurance accounting industry as a whole.
If you have any questions about this statement or Canadian antitrust laws, please consult your own legal counsel.