70.1(1)At any time, the Superintendent may require an insurer to deposit securities acceptable to the Superintendent in an amount he or she considers necessary and on the conditions that he or she considers proper.

70.1(2)The securities referred to in subsection (1) shall be deposited with the Superintendent within 30 days after the date the Superintendent requires the deposit or within a longer period of time if agreed to by the Superintendent.

70.1(3)An insurer may appeal to the Tribunal the decision of the Superintendent to require a deposit within 30 days after the date of the decision.

70.1(3.1)Despite subsection (3), the Tribunal may extend the period for appealing a decision, before or after the expiration of the time, if it is satisfied that there are reasonable grounds for an extension.

70.1(4)No part of a deposit shall be withdrawn without the approval of the Superintendent.

70.1(5)The Superintendent may suspend the licence of an insurer that fails to deposit securities in the amount and within the time required by

70.1(1)At any time, the Superintendent may require an insurer to deposit securities acceptable to the Superintendent in an amount he or she considers necessary and on the conditions that he or she considers proper.

70.1(2)The securities referred to in subsection (1) shall be deposited with the Superintendent within 30 days after the date the Superintendent requires the deposit or within a longer period of time if agreed to by the Superintendent.

70.1(3)An insurer may appeal to the Tribunal the decision of the Superintendent to require a deposit.

70.1(4)No part of a deposit shall be withdrawn without the approval of the Superintendent.

70.1(5)The Superintendent may suspend the licence of an insurer that fails to deposit securities in the amount and within the time required by