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A-32.1 - Insurers Act

Section 74
Disposition versions

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74. An authorized insurer must adhere to sound and prudent management practices ensuring, in particular, good governance and compliance with the laws governing its activities.
With respect to the insurer’s financial management, such practices must, in particular, provide that the insurer maintain
(1)  adequate assets to meet its liabilities, as and when they become due; and
(2)  adequate capital to ensure its sustainability.
2018, c. 23, s. 3.
In force: 2019-06-13
74. An authorized insurer must adhere to sound and prudent management practices ensuring, in particular, good governance and compliance with the laws governing its activities.
With respect to the insurer’s financial management, such practices must, in particular, provide that the insurer maintain
(1)  adequate assets to meet its liabilities, as and when they become due; and
(2)  adequate capital to ensure its sustainability.
2018, c. 23, s. 3.
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