Acts and Regulations

I-12 - Insurance Act

Full text
Repealed
55Repealed: 2013, c.31, s.20
1968, c.6, s.55; 2013, c.31, s.20
Administration of deposit
55The proceeds of the deposit shall be payable,
(a) firstly, in payment of the receiver and of all costs and expenses incurred by him in the administration of the deposit and in payment of the remuneration, costs and expenses of the provisional liquidator;
(b) secondly, in payment of the insured persons who are entitled to share in the proceeds of the deposit in accordance with the priorities set out in section 56.
1968, c.6, s.55