Justice committee  Let me give you an example. There's a disease called polycystic kidney disease that used to be determined or diagnosed through an ultrasound. It can now be identified through a genetic test. Under this law, if it's found through the ultrasound, it would have to be disclosed to the insurance company.

Justice committee  That's my opinion.

Justice committee  Can I just come back for a minute? The one big distinction is that in the U.S. the insurers are not allowed to increase premiums. They cannot put caps on the benefits they pay out. That's just to clarify that's one reason why they lose money, and insurers in Canada would not. As for other places, the impact on life insurance will be measured over an extended period of time.

Justice committee  Thank you, and thank you for this opportunity. The Canadian Institute of Actuaries is dedicated to serving the public interest through the provision of actuarial services and advice of the highest quality. The institute specifically holds the duty of the profession to the public above the needs of the profession and its members.