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A-32 - Act respecting insurance

Section 298.17
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298.17. The actuary designated by an insurance company that transacts participating insurance shall prepare, before the end of each fiscal year, a review of the method of allocating income and expenses to participating and non-participating business.
The actuary shall indicate in the review whether, in his or her opinion, the allocation method is fair and equitable for participating and other policyholders.
The actuary shall send a copy of the review to the board of directors and the Authority.
2002, c. 70, s. 126; 2013, c. 18, s. 4.
298.17. The actuary designated by an insurance company that transacts participating insurance shall prepare, before the end of each fiscal year, a review of the method of allocating income and expenses to participating and non-participating business.
The actuary shall indicate in the review whether, in his or her opinion, the allocation method is fair and equitable for participating and other policyholders.
The actuary shall send a copy of the review to the board of directors.
2002, c. 70, s. 126.
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