Special Committee on Cooperatives committee  No, I'm sorry. Mr. Bélanger has asked whether you would be willing to share your notes with the committee.

Special Committee on Cooperatives committee  Yes. They're handwritten. Would you like a direct copy or a transcription?

Special Committee on Cooperatives committee  Shall I do that to the clerk?

Special Committee on Cooperatives committee  Just building on Mr. Lowery's last point, when you look at where cooperatives and mutuals and reciprocals come from, they are essentially individuals showing initiative but acting as a group when there is really no profit motive. There is no one in the profit sector willing to de

Special Committee on Cooperatives committee  I think there are some very exciting things internationally in the cooperative and grassroots movement that the committee would benefit from hearing.

Special Committee on Cooperatives committee  Yes. We're provincially examined, through FSCO. We have a financial examination committee that reports to FSCO directly, and essentially our risk assessment, our solvency assessment, is done based on the standards that have been in place over the years. We don't require indepen

Special Committee on Cooperatives committee  There has never been an insolvency that has left any policyholder short of claims or unearned premiums among the Ontario mutuals. We actually have a unique guarantee fund that's been established in Ontario. The capital of the mutuals collectively stand behind the insolvency of

Special Committee on Cooperatives committee  Yes, mutuals are a differentiated form of cooperative. I think the simplest way to explain it is essentially that mutuals are owned directly by their purchasing policyholders, whereas cooperatives have a different structure to a certain degree. I think there are very many paralle

Special Committee on Cooperatives committee  Yes, I can hear you very well. I hope you can hear me.

Special Committee on Cooperatives committee  My opening remarks won't take 10 minutes, but I would like to thank the committee for the invitation to speak. I am the president of the Ontario Mutual Insurance Association. We are composed of 44 property and casualty mutual insurers incorporated in Ontario. Each of our compan