Summary
Regulation governing Canada Post's special postal services (primarily registered mail), including acceptance criteria, insurance eligibility with numerous item exclusions (bank notes, jewelry, precious stones, etc.), indemnity payment limits and procedures, claim time limits, and rules for international registered mail loss. Many sections repealed; core framework remains for registration, insurance, and indemnity.
Reason
This regulation entrenches a government monopoly's artificial restrictions on consumer choice and liability. It prohibits insurance for commonly-sent valuables (jewelry, bank notes, securities), imposes restrictive claim periods, and caps indemnity at depreciated value—protecting Canada Post at users' expense. The regulation prevents market competition from offering better terms and services. Full deregulation and privatization would allow private carriers to compete, naturally determining optimal insurance coverage, liability terms, and service quality without bureaucratic constraints.