HKMB HUB International is a leading supplier to the leasing and lending community, specializing in innovative risk management and fee income products for equipment and automobile lessors and lenders.

Our unparalleled understanding of the leasing and lending business has resulted in an extensive client list that includes some of the largest banks and leasing companies in Canada. Our active participation in the Canadian Finance and Leasing Association (CFLA), the National Association of Fleet Administrators (NAFA) and the Consumer Bankers Association (CBA) keeps us on the forefront of industry developments and enables us to react quickly to new or changing needs.

HKMB HUB creates programs to meet bank and leasing company needs related to protecting collateral, securitization, and generating revenue through fee income products. Currently, we offer the following:

Vehicle Leasing and Lending Products » Equipment Leasing Products » Mortgage Insurance » Corporate Insurance Program

Vehicle Leasing and Lending Products

Residual Value Insurance
Excess Wear and Tear Insurance
Vehicle Title Insurance
Floorplan Insurance
Creditor's Life and Disability Insurance
GAP Insurance
Contingent & Excess Liability Insurance
Insurance Verification Tracking
Collateral Protection Insurance
Job Loss Insurance
Vehicle Service Contracts
Retail Fleet Insurance Program IADA (Insure and Drive Away)

Equipment Leasing and Lending Products

Residual Value Insurance
Automatic Insurance
Physical Damage Insurance
Blanket Property Insurance
Floorplan Insurance
Creditor's Life and Disability Insurance
PPSA Title Insurance
Warranty Programs

Mortgage Insurance

Job Loss Insurance
Mortgage Protection Insurance
Home Warranty

Corporate Insurance Program

Complete and Comprehensive Property, Auto, Equipment and Casualty Insurance Program for Lessors

Bill 18

An Act to Implement Changes to The Compulsory Automobile Insurance Act, The Highway Traffic Act and Amend the Vicarious Liability Rules for Lessors in Ontario

On March 1st, 2006, Bill 18 will become effective.

As a major provider of insurance solutions to the Dealer, Leaseco, Daily Rental and Financial Institution community, and as a member of the Canadian Finance and Leasing Association (CFLA), HKMB HUB is actively involved in reviewing and analyzing changes to legislation that affect our clients' businesses.

HKMB HUB's analysis of Bill 18 determined that because of various changes made to definitions under the Highway Traffic Act and the Compulsory Automobile Insurance Act, policy forms which affect the insurance exposures for Lessors must be reviewed. Specifically, this would include the Lessors' Contingent Automobile Liability Policy (SEF #8) and the application of various Automobile Endorsements (OPCF #5, OPCF #5C,OPCF #27).

As a result of our findings, HKMB HUB has been requested to provide input to the changes at a meeting with the Insurance Bureau of Canada and various insurance company representatives on February 28th, 2006.

We will report on the results of these discussions as soon as possible. HKMB HUB's goal in the discussions is to advocate our clients' interests by ensuring that the exposures to Dealers/Lessors/Rental Car Operators and Financial Institutions are minimized by the amendments now being made.

Should you have any questions or concerns on this matter, contact Don McDonald, Partner, Automotive Equipment Solutions.