Hockey Canada reveals large chunk of player insurance fees go to National Equity Fund
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.