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A-32 - Act respecting insurance

Section 312
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312. An insurer transacting damage insurance must include in its annual statement an analysis, for each class of business, of the Branch reinsurance assigned to unlicensed reinsurers and a statement of the losses and settlement costs incurred during the last fiscal year together with proof that the provisions and reserves established for that purpose during the previous fiscal years are sufficient.
1974, c. 70, s. 312; 1996, c. 63, s. 66.
312. An insurer transacting damage insurance must include in its annual statement an analysis, for each class of business, of the Branch reinsurance assigned to unlicensed reinsurers and a statement of the losses and settlement costs incurred during the last fiscal year together with proof that the reserves established for that purpose during the previous fiscal years are sufficient.
1974, c. 70, s. 312.
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