Hockey Canada put 65% of player insurance fees into controversial National Equity Fund
Global News
The National Equity Fund has put Hockey Canada under increased scrutiny since the organization confirmed it has been used to settle sexual misconduct claims.
Hockey Canada has revealed that over 65 per cent of player insurance fees go toward the organization’s National Equity Fund.
In a letter to MP Peter Julian obtained by The Canadian Press, Hockey Canada president and chief executive officer Scott Smith provided a breakdown of how registration and insurance fees are allocated.
General liability insurance ($8.90), director’s and officers insurance ($2) and safety/admin ($2.75) are allocated to the National Equity Fund and make up $13.65 of the $20.80 of insurance fees that are paid.
The breakdown said the general liability insurance would have been used to settle claims of sexual misconduct, though Hockey Canada has since said the reserve fund will no longer be used for that purpose.
Accidental death and dismemberment insurance ($5.15) and medical and dental insurance ($2) make up the remainder, and are paid into the health and benefit trust.
Insurance in total makes up the bulk of the total registration fee of $23.80, with the other three dollars coming from assessment and registration fees.
Smith was responding to an Aug. 22 letter from Julian, where the member of the House of Commons heritage committee called out Hockey Canada for a lack of transparency regarding its use of registration fees.
“Hockey parents across the country deserve to know exactly how their registration fees are used,” Julian said.
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