|FIB Bonding Insurance|
PCMA FIB Bonding Insurance Coverage
The PCMA Financial Institution Bond (FIB) Insurance coverage is available exclusively to PCMA Members to ensure they satisfy the mandatory insurance requirements for Exempt Market Dealer firms under National Instrument 31-103.
PCMA FIB Bonding Insurance may cut your costs of doing business! Take advantage of very competitive group pricing only available to EMD firms that are a member of the PCMA!
About our Broker:
Jones Brown is an insurance broker that began operations 1997 and has grown to over 100 employees with offices across the country. Early in their history, Jones Brown established a strong Financial Institutions Practice, which focuses on providing insurance and risk management services to clients in the financial services sector. They serve the needs of clients ranging from local boutique firms to major multi-national corporations.
About our Underwriter:
Chubb is consistently ranked as the top insurer of fidelity bonds in Canada and North America, based on premium, according to the Surety & Fidelity Association of America (SFAA). Furthermore, Chubb is an industry leader in providing innovative insurance products for business and personal needs. Chubb maintains some of the highest financial strength ratings available to insurance companies. Their ratings are a reflection of their overall quality, strong financial condition, and strong capital position.
NI 31-103 and EMD Financial Institution Bond Insurance Requirements
National Instrument 31-103 requires Exempt Market Dealer firms to have Financial Institution Bond insurance coverage. The FIB insurance requirements that apply to EMDs are set out in NI 31-103 as follows: