Acts and Regulations

2012-75 - Shared Risk Plans

Full text
Risk management procedures
8(1)The risk management procedures for a shared risk plan shall include the following:
(a) an asset liability model in accordance with section 15; and
(b) economic assumptions in accordance with paragraph 15(2)(a).
8(2)The risk management procedures shall be sufficient to test that the risk management goals may be met, and the administrator shall determine whether additional tests are required taking into account the current economic environment and other relevant factors.
8(3)If the Superintendent considers it appropriate, he or she may require the administrator to perform additional tests at any time.