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A-32.1, r. 1 - Regulation under the Act respecting insurance
Section 86
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86. Subject to the provisions of this subdivision, any bank, financial services cooperative, trust company, legal person managing mutual funds or any other legal person carrying on similar activities may underwrite a group insurance contract on the life or health of depositors that provides coverage up to the amounts deposited or invested or up to the amounts to be deposited or invested by the depositor.
86. Subject to the provisions of this subdivision, any bank, financial services cooperative, trust company, legal person managing mutual funds or any other legal person carrying on similar activities may underwrite a group insurance contract on the life of depositors that provides coverage up to the amounts deposited or invested or up to the amounts to be deposited or invested by the depositor.
