Acts and Regulations

2013, c.30 - Financial and Consumer Services Commission Act

Section 73
Disposition versions

Full text
Assessments - Insurance Act
73(1)The Commission shall determine and certify the total amount of the costs and expenses incurred by the Province in relation to the administration of the Insurance Act for the period beginning on April 1, 2012, and ending on the commencement of this section, and the amount certified and determined by the Commission is final and conclusive for all purposes.
73(2)The amount determined and certified under subsection (1) shall be assessed by the Commission against licensed insurers in the manner set out in subsection 94(5) of the Insurance Act, with the necessary modifications.
73(3)An assessment made under subsection (2), including any related interest,
(a) is binding on each licensed insurer against which it is made and is final and conclusive,
(b) is payable on the demand of and to the Commission, and
(c) constitutes a debt payable to the Commission and may be recovered as a debt in a court of competent jurisdiction.
73(4)A certificate purporting to be signed by an employee or officer of the Commission setting out the amount of the assessment and any related interest is, without proof of the appointment, authority or signature of the person purporting to have signed the certificate, admissible in evidence and is, in the absence of evidence to the contrary, proof of the facts stated in the certificate.
73(5)Subsections 94(3.1), (4) and (8) of the Insurance Act apply with the necessary modifications to an assessment made under subsection (2).
73(6)Subsection 94(6.1) of the Insurance Act does not apply to an assessment made under subsection (2).
Assessments - Insurance Act
73(1)The Commission shall determine and certify the total amount of the costs and expenses incurred by the Province in relation to the administration of the Insurance Act for the period beginning on April 1, 2012, and ending on the commencement of this section, and the amount certified and determined by the Commission is final and conclusive for all purposes.
73(2)The amount determined and certified under subsection (1) shall be assessed by the Commission against licensed insurers in the manner set out in subsection 94(5) of the Insurance Act, with the necessary modifications.
73(3)An assessment made under subsection (2), including any related interest,
(a) is binding on each licensed insurer against which it is made and is final and conclusive,
(b) is payable on the demand of and to the Commission, and
(c) constitutes a debt payable to the Commission and may be recovered as a debt in a court of competent jurisdiction.
73(4)A certificate purporting to be signed by an employee or officer of the Commission setting out the amount of the assessment and any related interest is, without proof of the appointment, authority or signature of the person purporting to have signed the certificate, admissible in evidence and is, in the absence of evidence to the contrary, proof of the facts stated in the certificate.
73(5)Subsections 94(3.1), (4) and (8) of the Insurance Act apply with the necessary modifications to an assessment made under subsection (2).
73(6)Subsection 94(6.1) of the Insurance Act does not apply to an assessment made under subsection (2).