13(1)An investment policy shall be deemed to be the statement of investment policies and goals for a shared risk plan.
13(2)An investment policy shall specify the target investment allocation and the allowable ranges for each investment class.
13(3)An investment policy shall be interdependent with the following:
(a)
the liabilities of the shared risk plan and the expected cash flows for the base benefits and ancillary benefits;
(b)
the open group funded ratio of the shared risk plan;
(c)
the funding policy;
(d)
the risk management goals; and
(e)
the results from the application of the risk management procedures.
13(3.1)A change in an investment policy that negatively impacts the primary risk management goal of the shared risk plan may only be made if the primary risk management goal of the shared risk plan continues to be met after the change.
13(4)The administrator shall review the investment policy within nine months after the end of each plan year.
13(5)Subsections 44(5) and (9) and section 46.1 of Regulation 91-195 do not apply to a shared risk plan.