General
REMINDER: End of year processing
You will find important information relating to year-end transactions processing for individual insurance and investment.
INDIVIDUAL INSURANCE
New business
|
ACTIVITY |
REQUIREMENT |
DEADLINE TO RECEIVE THE REQUIREMENT IN ORDER TO PROCESS THE ACTIVITY IN 2015 (before noon) |
|
Application data entry |
Fully completed application (including signature pages of the electronic express application) must be received at the New Business department |
Wednesday, December 16, 2015 |
|
Policy issue |
Receipt of the final requirement at the Underwriting department |
Monday, December 14, 2015 |
|
Policy settlement |
Receipt of the final settling requirement at the New Business department |
Thursday, December 17, 2015 |
Policy changes requiring underwriting (in-force business)
|
ACTIVITY |
REQUIREMENT |
DEADLINE TO RECEIVE THE REQUIREMENT IN ORDER TO PROCESS THE ACTIVITY IN 2015 (before noon) |
|
Policy change data entry (to start the underwriting process) |
Fully completed request must be received at the In-force Business department |
With commission adjustment: |
|
Confirmation of the policy change |
Receipt of the final requirement at the Underwriting department |
Friday, December 11, 2015 |
|
Settlement of the policy change |
Receipt of the final settling requirement at the Policy change department |
Thursday, December 17, 2015 |
INVESTMENT
Transaction dates for segregated funds
There will be no unit value calculation on December 24, 25 and 28, 2015, and January 1, 2016. Transaction requests received on these days will be processed on the following business day (i.e., December 29 or January 4) using the unit value on that date.
|
RECEIPT OF TRANSACTION REQUEST |
TRANSACTION DATE |
|
December 24, 25, 28 and 29 (before 2 p.m.) |
December 29 |
|
December 30 (before 2 p.m.) |
December 30 |
|
December 31 (before 2 p.m.) |
December 31 |
|
January 1 (before 2 p.m.) |
January 4 |
Payment dates for RRIFs
Since our offices will be closed until January 4, RRIF payments will be sent to the financial institutions as of January 5. Your clients will receive their payments thereafter.