Acts and Regulations

I-12 - Insurance Act

Full text
Assessment of expenses
2004, c.36, s.2
19.81(1)The annual expenses of the Board incurred or to be incurred by it under sections 121.3 and 267.2 to 267.9 that, without restricting the generality of the foregoing, include the salaries and travelling expenses of the members and secretary and Board employees, the payment of stenographers, experts and witnesses, office rent, unforeseen and contingent expenses, and all other expenses of the Board for the then current year ending on the thirty-first day of March next ensuing, together with any sum necessary to make up any arrears or deficiency in the assessment for the preceding year, or the collection of the assessment, shall be borne by insurers who carry on the business of automobile insurance in the Province.
19.81(2)The Board shall determine the amount to be assessed having regard to the amount required for the previous year, but for the first year of operation, shall have regard to the expenses required for the previous year by the Board of Commissioners of Public Utilities in respect of its former responsibilities under this Act.
19.81(3)The Board shall, before the commencement of the fiscal year in respect of which the annual expenses are determined, assess each insurer who carries on the business of automobile insurance in the Province with its share of the annual expenses, which shall be determined according to the proportion that each insurer’s net receipts bears to the total net receipts of all insurers who carry on the business of automobile insurance in the Province and the secretary shall notify each insurer by registered post of the amount so assessed upon it.
19.81(4)The amount so assessed shall be paid to the Board within forty-five days after the posting of such notice, and in default of payment, the Board may transmit to a clerk of the court a certificate stating that the assessment was made, the amount remaining unpaid on the account and the person by whom the amount was payable, and such certificate or a copy of it, certified by the Chairperson of the Board to be a true copy of the certificate, may be filed with the court and when so filed and sealed with the seal of such court shall become an order of that court upon which judgment may be entered against such person for the amount mentioned in the certificate, together with the fees of the clerk or agent allowable in the case of a default judgment and such judgment may be enforced by execution or otherwise as any other judgment of the court.
19.81(5)The Superintendent shall forward to the Board information requested by the Board for the purpose of making the assessment under this section.
2004, c.36, s.2; 2023, c.17, s.114
Assessment of expenses
2004, c.36, s.2
19.81(1)The annual expenses of the Board incurred or to be incurred by it under sections 121.3 and 267.2 to 267.9 that, without restricting the generality of the foregoing, include the salaries and travelling expenses of the members and secretary and Board employees, the payment of stenographers, experts and witnesses, office rent, unforeseen and contingent expenses, and all other expenses of the Board for the then current year ending on the thirty-first day of March next ensuing, together with any sum necessary to make up any arrears or deficiency in the assessment for the preceding year, or the collection of the assessment, shall be borne by insurers who carry on the business of automobile insurance in the Province.
19.81(2)The Board shall determine the amount to be assessed having regard to the amount required for the previous year, but for the first year of operation, shall have regard to the expenses required for the previous year by the Board of Commissioners of Public Utilities in respect of its former responsibilities under this Act.
19.81(3)The Board shall, before the commencement of the fiscal year in respect of which the annual expenses are determined, assess each insurer who carries on the business of automobile insurance in the Province with its share of the annual expenses, which shall be determined according to the proportion that each insurer’s net receipts bears to the total net receipts of all insurers who carry on the business of automobile insurance in the Province and the secretary shall notify each insurer by registered post of the amount so assessed upon it.
19.81(4)The amount so assessed shall be paid to the Board within forty-five days after the posting of such notice, and in default of payment, the Board may transmit to a clerk of The Court of Queen’s Bench of New Brunswick a certificate stating that the assessment was made, the amount remaining unpaid on the account and the person by whom the amount was payable, and such certificate or a copy of it, certified by the Chairperson of the Board to be a true copy of the certificate, may be filed with The Court of Queen’s Bench of New Brunswick and when so filed and sealed with the seal of such court shall become an order of that court upon which judgment may be entered against such person for the amount mentioned in the certificate, together with the fees of the clerk or agent allowable in the case of a default judgment and such judgment may be enforced by execution or otherwise as any other judgment of the court.
19.81(5)The Superintendent shall forward to the Board information requested by the Board for the purpose of making the assessment under this section.
2004, c.36, s.2
Assessment of expenses
2004, c.36, s.2
19.81(1)The annual expenses of the Board incurred or to be incurred by it under sections 121.3 and 267.2 to 267.9 that, without restricting the generality of the foregoing, include the salaries and travelling expenses of the members and secretary and Board employees, the payment of stenographers, experts and witnesses, office rent, unforeseen and contingent expenses, and all other expenses of the Board for the then current year ending on the thirty-first day of March next ensuing, together with any sum necessary to make up any arrears or deficiency in the assessment for the preceding year, or the collection of the assessment, shall be borne by insurers who carry on the business of automobile insurance in the Province.
19.81(2)The Board shall determine the amount to be assessed having regard to the amount required for the previous year, but for the first year of operation, shall have regard to the expenses required for the previous year by the Board of Commissioners of Public Utilities in respect of its former responsibilities under this Act.
19.81(3)The Board shall, before the commencement of the fiscal year in respect of which the annual expenses are determined, assess each insurer who carries on the business of automobile insurance in the Province with its share of the annual expenses, which shall be determined according to the proportion that each insurer’s net receipts bears to the total net receipts of all insurers who carry on the business of automobile insurance in the Province and the secretary shall notify each insurer by registered post of the amount so assessed upon it.
19.81(4)The amount so assessed shall be paid to the Board within forty-five days after the posting of such notice, and in default of payment, the Board may transmit to a clerk of The Court of Queen’s Bench of New Brunswick a certificate stating that the assessment was made, the amount remaining unpaid on the account and the person by whom the amount was payable, and such certificate or a copy of it, certified by the Chairperson of the Board to be a true copy of the certificate, may be filed with The Court of Queen’s Bench of New Brunswick and when so filed and sealed with the seal of such court shall become an order of that court upon which judgment may be entered against such person for the amount mentioned in the certificate, together with the fees of the clerk or agent allowable in the case of a default judgment and such judgment may be enforced by execution or otherwise as any other judgment of the court.
19.81(5)The Superintendent shall forward to the Board information requested by the Board for the purpose of making the assessment under this section.
2004, c.36, s.2