Since we are talking about insurance, I want to refer to the dispute you have with a company named Iron Ore. I think the case is public now. This company is suing EDC, I guess, and the case is presently before the courts. According to section 2405 of the Quebec Civil Code, an insurer cannot unilaterally end the term of an insurance policy. It seems this is exactly what EDC did and was doing for several years.
It was generally mentioned earlier that people did not know all of EDC’s services. But if the people who know them are being bullied, so to speak… This is in the area of receivables insurance. There are monthly fluctuations, so premiums vary. However, there is normally a contract with a term of one or several years in order to set the premium based on volume.
These are often open corporations for which risk assessment is possible. When EDC knows a client has receivables, how can it cut off his insurance? This puts the clients, with whom it is supposed to establish a relationship of trust, in a rather precarious situation.