P-40.1, r. 3 - Regulation respecting the application of the Consumer Protection Act

Full text
171. Where a financial report must be furnished to the president pursuant to sections 94.2 and 169 or section 306.2 of the Act, and where the report shows that the funds accumulated in the reserve account represent a sum less than that declared to constitute a good and sufficient provision and to contain the additional reserves by the actuary’s certificate, the merchant must, before transmitting the financial report to the president, deposit in the reserve account a sum equal to the difference.
In addition, from the sending of the report, he must also deposit in the reserve account, pursuant to section 260.8 of the Act, a portion equal to the percentage indicated in the actuary’s report.
O.C. 1978-85, s. 15; O.C. 1150-89, s. 7; O.C. 848-94, s. 25.