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A-32.1 - Insurers Act
Section 147
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147. For the purposes of section 136.1 and subparagraph 5 of the first paragraph of section 146, an insurer’s becoming the holder of control of a group or an acquisition or transfer of assets is deemed to not have a significant effect on the insurer if the variation that the operation entails in the value of its assets does not exceed 5%.
The variation in the value of the insurer’s assets is established in relation to the value of those assets at the end of the fiscal year preceding any of the operations referred to in the first paragraph.
147. For the purposes of subparagraph 5 of the first paragraph of section 146, an acquisition or transfer is deemed to not have a significant effect on an insurer if the resulting variation in the value of its assets does not exceed 5%.
The variation in the value of the insurer’s assets is established in relation to the value of those assets at the end of the fiscal year preceding the acquisition or transfer.
In force: 2019-06-13
147. For the purposes of subparagraph 5 of the first paragraph of section 146, an acquisition or transfer is deemed to not have a significant effect on an insurer if the resulting variation in the value of its assets does not exceed 5%.
The variation in the value of the insurer’s assets is established in relation to the value of those assets at the end of the fiscal year preceding the acquisition or transfer.
