Finance committee  When the market was tight, other companies were leaving, and we were there to supply that market both for farmers and fishermen, and also for local communities. When the stock companies leave, we're there to stay. We have nowhere else to go. Basically we're there to serve them, a

Finance committee  Out of a total of approximately 170,000 farms, there are certainly 140,000 who do business with us, the mutual companies or the cooperatives.

Finance committee  Yes.

Finance committee  They are covered by mutual insurance companies that also ensure the farmers, but there is one, the Pacific Coast Fishermen's Mutual Marine Insurance Company, that focuses on fishers. The others are companies that ensure farmers and fishers.

Finance committee  What do you mean?

Finance committee  No. However, I can tell you that among the joint stock corporations, there are three that benefit from an exemption without deserving it, because of a special provision in the corporate Income Tax Regulations. We asked the government to correct that mistake and to keep the money

Finance committee  No.

Finance committee  It was made to the department, and also to the minister's office, and to the committees, the fisheries and oceans committee, the agriculture committee, and the House of Commons finance committee.

Finance committee  Absolutely.

Finance committee  Exactly.

Finance committee  It insures the boats, the fishing property, of those fishermen, and also their residences. It insures both. At the end of the year, it does $5 million in gross premiums written, and it returns the profits it generates to its members. We see the same thing when we insure farmers.

Finance committee  Insurance companies may be on the Internet, but agricultural insurance or insurance for fishers is not. This is really something that is offered by mutual insurance companies. There are very few companies aside from mutual insurance companies that offer insurance for farmers and

Finance committee  No.

Finance committee  On the fishing side, you may know the Pacific Coast Fishermen's Mutual Marine Insurance Company. In its case, I think the gross premium written is about $5 million. Every cent of its benefits is returned to its members. It has enough capital accumulated over the years so that whe

Finance committee  To qualify for the tax exemption, insurers have to maintain a minimum farm/fishing premium of 25% of their total written premium. According to the Department of Finance, in 2014, some 40 companies were still benefiting from the tax exemption, 37 of which were farm/fishermen mutua