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Ontario's first government-run health plan, known as OMSIP (Ontario Medical Services Insurance Plan), was established and enacted on 1 July 1966. On 1 October 1969, it was replaced by OHSIP, the Ontario Health Services Insurance Plan, as a provincially-run and federally-assisted plan under the federal Medical Care Insurance Act for the ...
Manulife was incorporated as "The Manufacturers Life Insurance Company" by Act of Parliament on June 23, 1887, and was headed by Canada's prime minister, John A. Macdonald, and Ontario's lieutenant-governor, Alexander Campbell (there were no conflict-of-interest guidelines at the time and it was not unusual for public persons to be involved in private industry). [8]
Some life insurance plans have what's called a "waiting period." This is the window of time between when you enroll in the plan and when it takes effect. If you die within the window, your ...
The policy term is the period that an insurance policy provides coverage. Many policies have a one-year term (365 days) but other terms both longer and shorter are used. Policy terms can be for any length of time and can be for a short period when the period of risk is also short or can be for multi-year periods.
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London Life was founded in London, Ontario, in 1874, [7] and remains headquartered there. In 2009, London Life ranked 14th among Canada's largest private companies. [8] The company reportedly had assets under management of $40 billion (Canadian funds) as at December 31, 2004, and 1.9 million participating life insurance policies.
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