Acts and Regulations

I-12 - Insurance Act

Section 27
Disposition versions

Full text
Filings in office of Superintendent
27(1)Before the issue of a licence to an insurer, the insurer shall file in the office of the Superintendent,
(a) a certified copy of its Act or charter of incorporation, that shall include its regulations verified in manner satisfactory to the Superintendent,
(b) an affidavit or statutory declaration that the insurer is still in existence and legally authorized to transact business under its charter,
(c) a certified copy of its last balance sheet and auditor’s report thereon,
(d) notice of the place where the head office of the insurer is situate, if without the Province,
(e) notice of the place where the chief agency or head office of the insurer in the Province is to be situate,
(f) a statement showing the amount of capital of the insurer and the number of shares into which it is divided, the number of shares subscribed and the amount paid thereon,
(g) a certified copy of the power of attorney to its Canadian chief agent, if any,
(h) notice of appointment of chief agent or resident manager for the Province,
(i) a statement in such form as is required by the Superintendent of the condition and affairs of the insurer on the thirty-first day of December then last preceding or up to the usual balancing day of the insurer or as the Superintendent requires, and
(j) such other evidence as the Superintendent requires.
27(2)In the event of a change at any time being made in the charter of the insurer or its head office or chief agency or in its chief agent, such insurer shall forthwith notify the Superintendent thereof and file with him such further certified copies, notices or powers of attorney as are necessary to evidence such change.
1968, c.6, s.27