What is MAX Canada Insurance
Company?
MAX
Canada Insurance Company (MAX Canada) is a mutual
aid organization that combines state-of-the-art
insurance with a strong commitment to Anabaptist
values. As a member of MAX Canada, you join a community
of thousands of other Anabaptists across North America
who support each other in times of loss.
MAX Canada is built on the strong foundations
of the Mennonite Aid Union (MAU) with a history
dating back to the mid-nineteenth century. Incorporated
in Ontario in June of 2002, MAX Canada received
its license as a fully regulated Ontario insurer
on December 30, 2002. As of late fall, 2004, Saskatchewan,
Manitoba, British Columbia and Alberta joined
Ontario in receiving provincial licenses. In the
years to come, the plan for MAX Canada is to become
fully regulated in more provinces.
While MAX Canada policies are conventional insurance policies acceptable
to government regulators, the concepts of mutual
aid which impacts how members relate to each other
and the motivation of its members to "bear
each others' burdens" during a time of loss
will remain unchanged. The mission of MAX Canada
remains the same as the historic mission of the
Mennonite Aid Union; "to be a helping agency
that meets the property insurance needs of members
using Biblical Mutual Aid principles as informed
by Anabaptist understandings." We believe
members of the Anabaptist communities desire to
join others of their faith community for financial
and insurance services.
What sets MAX
Canada apart?
Strength in numbers.
MAX Canada is a wholly owned
subsidiary of the MutualAid eXchange (MAX). The
ten mutual aid organizations that make up MAX
have pooled their resources, experience and commitment
to form a North American insurance body serving
Anabaptists across the continent. MAX has taken
the strengths of each company to build a stronger
organization. MAX is headquartered in Overland
Park, KS a large suburb of Kansas City. MAX Canada,
headquartered in Baden, Ontario (near Kitchener),
is the Canadian arm of MAX.
Members of a greater community.
Unlike commercial insurance companies that focus
on profits, MAX is a subscriber-owned and directed
organization. By becoming a member of MAX Canada,
you become an owner in MAX and will have a subscriber's
account with MAX which means profits generated
by the organization can be redistributed to members
rather than to distant corporate stockholders.
Furthermore, MAX Canada members have a vote with
MAX. You will have a top-of-the-line insurance
policy at a competitive price from an organization and
owned by its members.
Settling
a loss.
As a member of MAX
Canada, you will receive a prompt and fair settlement
for your loss as determined by the type of policy
you have. But more than money, we endeavour to
offer true mutual aid to help you get "back
on your feet" with the same quality of life
you previously enjoyed. Read some stories here.
Carrying out Mutual Aid.
MAX and MAX Canada
are capitalized by investments from surplus funds
contributed by the founding mutual aid organizations.
When the MAX enterprise becomes profitable, the
interest paid on these investments (amounting
to hundreds of thousands of dollars annually)
will become available for mutual aid activities
within the constituency. This will
become a unique and important way of serving and
building up the faith community.
One example is a special fund planned
to carry out the essence of mutual aid. The Share
Fund will help us assist people in our Anabaptist
communities who need extra help. The Share Fund
will be there to give you a hand in particularly
difficult circumstances around a loss.
MAX Canada
and the Church
Because MAX Canada serves only a faith-based community, premium payments stay in the church and community network helping others at a time of loss. Essentially, paying a MAX Canada premium becomes another method of giving back to the church and faith community.
Investment
and Stewardship
Members are assured that MAX Canada funds are
invested according to the teachings of the faith
community in life-affirming endeavours. We take
seriously the stewardship of our financial resources
because it strengthens our services for you.
More than Insurance
From the examples above you can see we want to be more than an insurance company. Our other goals are to further the ministry of Mutual Aid within the faith constituency, build Mutual Aid awareness in our congregations and enhance the breadth and depth of insurance coverage available to members of the constituency.
If this sounds like an idea that would appeal to your sense of values, join MAX Canada today. It's easy. Call us toll-free at 1-877-770-7729
(local 519-634-5267)
so we can put you in touch with a licensed MAX Canada agent near you. Please feel free to email
us by clicking
here.
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