A-32 - Act respecting insurance

Section 249 Disposition versions

1991-03-15

249. (Repealed).

1974, c. 70, s. 249; 1979, c. 33, s. 13; 1982, c. 52, s. 80; 1984, c. 22, s. 48; 1990, c. 86, s. 29.

1984-06-20

249. The Inspector General may require that every insurer file with his office a copy of every management contract entered into by the insurer and its parent company or its subsidiaries.

1974, c. 70, s. 249; 1979, c. 33, s. 13; 1982, c. 52, s. 80; 1984, c. 22, s. 48.

1983-04-01

249. Subject to paragraph b of subsection 2 of section 248, any insurer that is not a mutual association and which transacts insurance other than life insurance, may, subject to the conditions prescribed by the regulations, acquire and hold fully paid shares of an insurance company or, with the prior approval of the Inspector General, of any corporation incorporated to carry on the business ancillary to the business of insurance determined by regulation.

1974, c. 70, s. 249; 1979, c. 33, s. 13; 1982, c. 52, s. 80.

1979-06-22

249. Subject to paragraph b of subsection 2 of section 248, any insurer that is not a mutual association and which transacts insurance other than life insurance, may, subject to the conditions prescribed by the regulations, acquire and hold fully paid shares of an insurance company or, with the prior approval of the Superintendent, of any corporation incorporated to carry on the business ancillary to the business of insurance determined by regulation.

1974, c. 70, s. 249; 1979, c. 33, s. 13.

1977-12-31

249. Subject to paragraph b of subsection 2 of section 248, any insurer that is not a mutual association and which transacts insurance other than life insurance, may, subject to the conditions prescribed by the regulations, acquire and hold fully paid shares of an insurance company.

Such insurer shall not however invest more than 50 per cent of its surplus as shown in its last annual statement.

1974, c. 70, s. 249.