242.6(1)If an insurer fails to remit any portion of the levy within 90 days of any of the dates of payment set out in subsection 242.3(4), the Minister shall report this to the Superintendent, who may revoke the licence of the defaulting insurer after giving notice to the insurer and holding a hearing.

242.6(2)Notice of a revocation under subsection (1) shall be published by the Superintendent once in The Royal Gazette as soon as reasonably practicable after the revocation takes effect.

242.6(1)If an insurer fails to remit any portion of the levy within 90 days of any of the dates of payment set out in subsection 242.3(4), the Minister of Finance and Treasury Board shall report this to the Superintendent, who may revoke the licence of the defaulting insurer after giving notice to the insurer and holding a hearing.

242.6(2)Notice of a revocation under subsection (1) shall be published by the Superintendent once in The Royal Gazette as soon as reasonably practicable after the revocation takes effect.

242.6(1)If an insurer fails to remit any portion of the levy within 90 days of any of the dates of payment set out in subsection 242.3(4), the Minister of Finance shall report this to the Superintendent, who may revoke the licence of the defaulting insurer after giving notice to the insurer and holding a hearing.

242.6(2)Notice of a revocation under subsection (1) shall be published by the Superintendent once in The Royal Gazette as soon as reasonably practicable after the revocation takes effect.

242.6(1)Where an insurer fails to remit any portion of the levy within ninety days of any of the dates of payment set out in subsection 242.3(3), the Superintendent shall report this fact to the Minister and the Minister may, with the approval of the Lieutenant-Governor in Council, and after giving notice to the defaulting insurer and after holding a hearing, revoke the licence of the insurer.

242.6(2)Notice of a revocation under subsection (1) shall be published by the Superintendent once in The Royal Gazette as soon as reasonably practicable after the revocation takes effect.