Again I don't presume to speak for the government, but on behalf of the department let me just say in using the similar approach in the framework that exists under the life demutualization framework we appreciate there are concerns and unique aspects of the mutual P and C industry, and hence that's why adjustments or expansions of the regulations-making framework were recommended and tabled in Bill C-31.
On May 29th, 2014. See this statement in context.