Bearer Form

A bearer bond is when is when the person named of the bond can sell the bond and collect the interest from the bond coupon.

This also relates to financial services in insurance. Not all insurance services relate directly back to home, automobile and business insurance. GICs, segregated funds, life insurance, RRSPs, RESPs and bonds can be part of the services offered at your local insurance office. It is part of the philosophy of a, "one stop shop".

At this point in time the banks are not allowed to sell insurance out of their bank offices. A recent change was that online services were not allowed to be advertised out of the bank office. This is likely to undergo further changes as the insurance companies tend to offer more of the traditional banking services. The banks want to sell insurance but at this point in time the legislation is stopping this practice, at least directly out of the bank location.