87(1)When an insurer incorporated under the law of the Province proposes to go into voluntary liquidation, at least one month’s notice thereof shall be given to the Superintendent by the insurer and sections 87 to 92 inclusive of this Act shall apply.

87(2)The notice shall state the date at which the insurer will cease to take contracts, the intention of the insurer to apply on a stated date for the appointment of a liquidator, and the name and address of the proposed liquidator.

87(3)No such insurer shall go into voluntary liquidation or otherwise arrange for the winding-up of its affairs without the written consent of the Superintendent.

87(1)When an insurer incorporated under the law of the Province proposes to go into voluntary liquidation, at least one month’s notice thereof shall be given to the Superintendent and sections 87 to 92 inclusive of this Act shall apply.

87(2)The notice shall state the date at which the insurer will cease to take contracts, the intention of the insurer to apply on a stated date for the appointment of a liquidator, and the name and address of the proposed liquidator.

87(3)No such insurer shall go into voluntary liquidation or otherwise arrange for the winding-up of its affairs without the written consent of the Superintendent.