Mr. Speaker, my question really was for the parliamentary secretary to the minister, but the member for Eglinton--Lawrence is extremely well informed on any topic he speaks to, so he could probably answer my question.
The member probably knows that insurance markets are international and they are also very cyclical. There are times, say over a three to five year cycle, when insurance companies cut premiums in half and expand coverage, and then just as abruptly they turn around and ratchet premiums up four, five or ten times the price and cut back the coverage.
We are taking a real risk when we pass legislation mandating something, expecting that somehow the insurance, while it might be available today, will be available two or three years down the road. What happens if the insurance markets dry up? In other areas, an extra option is given that if an insurance policy cannot be provided to the regulator, a monetary guarantee or some other alternative has to be put up if the insurance is not available.
Would the member like to comment on that? I have a follow-up question for him after that as well.