How Does the CCAA Protect You, the Annuitant?
For a charity to remain a member in good standing, the charity must adhere to the ethics and
standards of conduct of the association:
- The charity must undergo an annual review
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- Every three years each charity must have its annuity balances, reserves and investments audited
by an actuary to confirm to the association that the charity is in good financial standing in order
to fulfill all obligations for the lifetime of all annuitants.
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- The Charity must submit all agreements and promotional material in a compliance report on
practices and procedures to the board of the association.
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