A-32 - Act respecting insurance

Section 298.15 Disposition versions

2004-12-17

298.15. The Authority may, at any time, require that a study of any question, such as the valuation of the provisions and reserves and the financial position of the insurer, be conducted in the manner and within the time limit it indicates. The actuary shall transmit the results of the review to the Authority within the allotted time.

The Authority may designate another actuary to conduct such a review. All expenses incurred for the purposes of the review and approved by the Authority shall be paid by the insurer.

1996, c. 63, s. 60; 2002, c. 70, s. 125; 2004, c. 37, s. 90.

2003-02-12

298.15. The Agency may, at any time, require that a study of any question, such as the valuation of the provisions and reserves and the financial position of the insurer, be conducted in the manner and within the time limit it indicates. The actuary shall transmit the results of the review to the Agency within the allotted time.

The Agency may designate another actuary to conduct such a review. All expenses incurred for the purposes of the review and approved by the Agency shall be paid by the insurer.

1996, c. 63, s. 60; 2002, c. 70, s. 125.

1996-12-23

298.15. The actuary shall prepare, at the end of each fiscal year, a report that establishes and presents the provisions and reserves he considers good and sufficient, having regard to the obligations of the insurer. The report shall include any other information required by the Inspector General.

The insurer shall forward a copy of the report to the Inspector General, where he so requests.

The report shall be accompanied with the certificate of the actuary concerning the valuation of the provisions and reserves. The certificate must be appended to the annual statement of the insurer.

1996, c. 63, s. 60.