294(1)If it appears to the Superintendent from the statements and reports filed with him or her or from an examination or valuation that the assets of a society, the membership of which is limited to local government or other government employees, applicable for the purpose, are insufficient to provide for the payment of its contracts of insurance at maturity without deduction or abatement and without increase in its existing rates of contribution, the Superintendent shall make a special report as to the financial condition of the society to the head or responsible officer of the local government or other government of which the members are employees.

294(2)The Superintendent shall not make any order or assume any responsibility for the readjustment of rates or benefits of the society but a synopsis of his special report shall be embodied in his annual report.

294(1)If it appears to the Superintendent from the statements and reports filed with him or from an examination or valuation, that the assets of a society, the membership of which is limited to municipal or government employees, applicable for the purpose, are insufficient to provide for the payment of its contracts of insurance at maturity without deduction or abatement and without increase in its existing rates of contribution, he shall make a special report as to the financial condition of the society to the head or responsible officer of the municipality or government of which the members are employees.

294(2)The Superintendent shall not make any order or assume any responsibility for the readjustment of rates or benefits of the society but a synopsis of his special report shall be embodied in his annual report.

294(1)If it appears to the Superintendent from the statements and reports filed with him or from an examination or valuation, that the assets of a society, the membership of which is limited to municipal or government employees, applicable for the purpose, are insufficient to provide for the payment of its contracts of insurance at maturity without deduction or abatement and without increase in its existing rates of contribution, he shall make a special report as to the financial condition of the society to the Minister and to the head or responsible officer of the municipality or government of which the members are employees.

294(2)The Superintendent shall not make any order or assume any responsibility for the readjustment of rates or benefits of the society but a synopsis of his special report shall be embodied in his annual report.