Acts and Regulations

I-12 - Insurance Act

Full text
Insurer shall report to Superintendent
2021, c.8, s.76
361.2(1)An insurer that authorizes any of the persons referred to in paragraphs 361.1(a) to (h) to act on the insurer’s behalf shall notify the Superintendent in writing if the insurer has reasonable grounds to believe that a person who acts on behalf of the insurer is not suitable to carry on business authorized under the licence.
361.2(2)The notice referred to in subsection (1) shall be given within 15 days after the insurer determines that there are reasonable grounds to believe that the person is not suitable to carry on business authorized under the licence.
2021, c.8, s.76