Acts and Regulations

I-12 - Insurance Act

Full text
Deposit with Superintendent
347Upon the filing of the petition the insurers parties to the agreement shall deposit with the Superintendent the following documents, that is to say,
(a) a certified copy of the agreement for reinsurance,
(b) a statement of the nature and terms of reinsurance,
(c) certified copies of the statements of assets and liabilities of the insurers parties to the agreement,
(d) certified copies of the actuarial or other reports upon which the agreement is founded,
(e) a declaration under the hands of the president or principal officer and manager or secretary of each insurer verifying the copy of agreement and stating that to the best of their knowledge and belief every payment made or to be made to any person whatsoever on account of the reinsurance is therein fully set forth and that no other payments beyond those set forth have been made or are to be made either in money, policies, bonds, valuable securities or other property by or with the knowledge of any of the parties to the reinsurance,
(f) evidence of the service and publication of the notices required to be served or published, if any,
(g) such other information and reports as the Superintendent requires.
1968, c.6, s.344