54(1)A regional health authority shall maintain adequate insurance coverage for the protection of all property of the authority and for the protection of all property entrusted to the authority.

54(2)For the purposes of subsection (1), a regional health authority shall be deemed to have an insurable interest in property entrusted to it.

54(3)The Province may assume responsibility for interest and risks of a regional health authority respecting specified property of the authority and respecting specified property entrusted to the authority.

54(4)If the Province assumes responsibility under subsection (3) respecting specified property of the regional health authority or property entrusted to a regional health authority, the regional health authority shall not maintain insurance coverage for the protection of that property.

54(5)Any money payable as a result of damage to property of a regional health authority, or to property entrusted to a regional health authority, is payable to the owner or owners of the property in accordance with their interests.

54(6)If property of a regional health authority or property entrusted to a regional health authority is damaged, it shall not be repaired or abandoned without the prior written approval of the Minister.

54(1)A regional health authority shall maintain adequate insurance coverage for the protection of all property of the authority and for the protection of all property entrusted to the authority.

54(2)For the purposes of subsection (1), a regional health authority shall be deemed to have an insurable interest in property entrusted to it.

54(3)The Province may assume responsibility for interest and risks of a regional health authority respecting specified property of the authority and respecting specified property entrusted to the authority.

54(4)If the Province assumes responsibility under subsection (3) respecting specified property of the regional health authority or property entrusted to a regional health authority, the regional health authority shall not maintain insurance coverage for the protection of that property.

54(5)Any money payable as a result of damage to property of a regional health authority, or to property entrusted to a regional health authority, is payable to the owner or owners of the property in accordance with their interests.

54(6)If property of a regional health authority or property entrusted to a regional health authority is damaged, it shall not be repaired or abandoned without the prior written approval of the Minister.