166(1)Subject to subsection (4), insurance money is payable in the Province.

166(2)Unless a contract otherwise provides, a reference therein to dollars means Canadian dollars.

166(3)Where a person entitled to receive insurance money is not domiciled in the Province, the insurer may pay the insurance money to that person or to any other person who is entitled to receive it on his behalf by the law of the domicile of the payee.

166(4)In the case of a contract of group insurance, insurance money is payable in the province or territory of Canada in which the group life insured was resident at the time he became insured.