A-32.1 - Insurers Act

Section 82 Disposition versions

2019-06-13

82. An authorized insurer must adopt an investment policy approved by its board of directors.

The investment policy must, in particular,

(1)  provide for the matching of the respective maturities of the insurer’s investments with the insurer’s liabilities;

(2)  provide for the appropriate diversification of those investments; and

(3)  include a description of the types of investments and other financial transactions that it authorizes and the limits applicable to them.

The insurer must send its investment policy to the Authority at the Authority’s request.

2018, c. 23, s. 3.

Not in force

In force: 2019-06-13

82. An authorized insurer must adopt an investment policy approved by its board of directors.

The investment policy must, in particular,

(1)  provide for the matching of the respective maturities of the insurer’s investments with the insurer’s liabilities;

(2)  provide for the appropriate diversification of those investments; and

(3)  include a description of the types of investments and other financial transactions that it authorizes and the limits applicable to them.

The insurer must send its investment policy to the Authority at the Authority’s request.

2018, c. 23, s. 3.