18(1)The Superintendent shall prepare for the Financial and Consumer Services Commission, from the statements filed by the insurers and from any inspection or inquiries made, an annual report showing particulars of the business of each insurer as ascertained from those statements, inspection and inquiries; and the Financial and Consumer Services Commission may publish the report after its completion.

18(2)In his report the Superintendent shall allow as assets only such of the investments of any insurer as are authorized by this Act, its charter or any other Act applicable to such investments.

18(3)In his report the Superintendent shall make the necessary corrections in the annual statement of any insurer and may increase or diminish the liabilities of such insurer to the true and correct amounts thereof as ascertained from any examination of its affairs.

18(4)If it appears to the Superintendent, or if he has any reason to suppose, from the annual statement that the value placed by an insurer upon any of its real estate is too great, he may either require such insurer to secure an appraisement of such real estate by one or more competent valuators, or may himself procure such appraisement at the expense of the insurer, and the appraised value, if it varies materially from the statement made by the insurer, may be substituted in the annual report of the Superintendent.

18(5)In like manner the Superintendent may procure an appraisement of any parcel of land that constitutes the security for any loan and if from the appraisal it appears that such parcel is not adequate security for the loan and accrued interest, he may reduce the value to such amount as is fairly realizable from such security, in no case to exceed such appraised value, and may insert such reduced value in his report.

18(6)In like manner the Superintendent may make or cause to be made an appraisal of the securities taken for any investments of the insurer, and if it appears that the value of the securities as shown on the books of the insurer is greater than their true value as shown by the appraisal he may reduce the book value of the same to such amount as is fairly realizable therefrom, and in no case to exceed such appraised value and may insert such reduced amount in his annual report.

18(7)The Superintendent may require any insurer licensed under this Act to dispose of and realize any of its investments acquired after the passing of this Act and not allowed in his report, and the insurer shall, within sixty days after receiving such request, absolutely dispose thereof; the licence of any insurer that fails to comply with such request may be cancelled or suspended by the Superintendent.

18(8)An insurer affected thereby may, within 30 days after the date of the ruling, appeal to the Tribunal from the ruling of the Superintendent as to the allowance in his report of any asset not allowed by him, or as to any item or amount added to liabilities, or as to any correction or alteration made in its statement.

18(9)Despite subsection (8), the Tribunal may extend the period for appealing a ruling, before or after the expiration of the time, if it is satisfied that there are reasonable grounds for an extension.

18(1)The Superintendent shall prepare for the Financial and Consumer Services Commission, from the statements filed by the insurers and from any inspection or inquiries made, an annual report showing particulars of the business of each insurer as ascertained from those statements, inspection and inquiries; and the Financial and Consumer Services Commission may publish the report after its completion.

18(2)In his report the Superintendent shall allow as assets only such of the investments of any insurer as are authorized by this Act, its charter or any other Act applicable to such investments.

18(3)In his report the Superintendent shall make the necessary corrections in the annual statement of any insurer and may increase or diminish the liabilities of such insurer to the true and correct amounts thereof as ascertained from any examination of its affairs.

18(4)If it appears to the Superintendent, or if he has any reason to suppose, from the annual statement that the value placed by an insurer upon any of its real estate is too great, he may either require such insurer to secure an appraisement of such real estate by one or more competent valuators, or may himself procure such appraisement at the expense of the insurer, and the appraised value, if it varies materially from the statement made by the insurer, may be substituted in the annual report of the Superintendent.

18(5)In like manner the Superintendent may procure an appraisement of any parcel of land that constitutes the security for any loan and if from the appraisal it appears that such parcel is not adequate security for the loan and accrued interest, he may reduce the value to such amount as is fairly realizable from such security, in no case to exceed such appraised value, and may insert such reduced value in his report.

18(6)In like manner the Superintendent may make or cause to be made an appraisal of the securities taken for any investments of the insurer, and if it appears that the value of the securities as shown on the books of the insurer is greater than their true value as shown by the appraisal he may reduce the book value of the same to such amount as is fairly realizable therefrom, and in no case to exceed such appraised value and may insert such reduced amount in his annual report.

18(7)The Superintendent may require any insurer licensed under this Act to dispose of and realize any of its investments acquired after the passing of this Act and not allowed in his report, and the insurer shall, within sixty days after receiving such request, absolutely dispose thereof; the licence of any insurer that fails to comply with such request may be cancelled or suspended by the Superintendent.

18(8)An insurer affected thereby may appeal to the Tribunal from the ruling of the Superintendent as to the allowance in his report of any asset not allowed by him, or as to any item or amount added to liabilities, or as to any correction or alteration made in its statement.

18(1)The Superintendent shall prepare for the Minister, from the statements filed by the insurers and from any inspection or inquiries made, an annual report showing particulars of the business of each insurer as ascertained from such statements, inspection and inquiries; and such report may at the discretion of the Minister be printed and published forthwith after completion.

18(2)In his report the Superintendent shall allow as assets only such of the investments of any insurer as are authorized by this Act, its charter or any other Act applicable to such investments.

18(3)In his report the Superintendent shall make the necessary corrections in the annual statement of any insurer and may increase or diminish the liabilities of such insurer to the true and correct amounts thereof as ascertained from any examination of its affairs.

18(4)If it appears to the Superintendent, or if he has any reason to suppose, from the annual statement that the value placed by an insurer upon any of its real estate is too great, he may either require such insurer to secure an appraisement of such real estate by one or more competent valuators, or may himself procure such appraisement at the expense of the insurer, and the appraised value, if it varies materially from the statement made by the insurer, may be substituted in the annual report of the Superintendent.

18(5)In like manner the Superintendent may procure an appraisement of any parcel of land that constitutes the security for any loan and if from the appraisal it appears that such parcel is not adequate security for the loan and accrued interest, he may reduce the value to such amount as is fairly realizable from such security, in no case to exceed such appraised value, and may insert such reduced value in his report.

18(6)In like manner the Superintendent may make or cause to be made an appraisal of the securities taken for any investments of the insurer, and if it appears that the value of the securities as shown on the books of the insurer is greater than their true value as shown by the appraisal he may reduce the book value of the same to such amount as is fairly realizable therefrom, and in no case to exceed such appraised value and may insert such reduced amount in his annual report.

18(7)The Superintendent may require any insurer licensed under this Act to dispose of and realize any of its investments acquired after the passing of this Act and not allowed in his report, and the insurer shall, within sixty days after receiving such request, absolutely dispose thereof; the licence of any insurer that fails to comply with such request may be cancelled or suspended by the Superintendent with the approval of the Minister.

18(8)An insurer affected thereby may appeal to the Lieutenant-Governor in Council from the ruling of the Superintendent as to the allowance in his report of any asset not allowed by him, or as to any item or amount added to liabilities, or as to any correction or alteration made in its statement.