For insureds located in Canada: AIF Signing Process (ASPS):Any business where the risk, insured or reinsured, is located in Canada must be processed through the AIF Signing Process System (ASPS). Insurance contracts written in London for risks, insureds or reinsureds located in Canada will be replaced by a contract made in Canada via the AIF signing process.
AIF Signing Process (ASPS): This is a process whereby an insurance contract written in London in respect of risks, insureds or reinsureds located in Canada will be replaced by a contract made in Canada. The liabilities associated with the contract issued pursuant with the AIF signing process will be subject to funding requirements in Canada.