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A-32.1 - Insurers Act
Section 453
Disposition versions
453. The Minister may, if the Minister considers it advisable, order the Authority to dissolve a federation that has not remedied one of the following failures within the specified time limit:
(1) the organization meeting is not held within the time limit specified in its application for constitution;
(2) fewer than nine mutual companies are members of the federation; or
(3) an annual meeting has not been held for two consecutive years.
In force: 2019-06-13
453. The Minister may, if the Minister considers it advisable, order the Authority to dissolve a federation that has not remedied one of the following failures within the specified time limit:
(1) the organization meeting is not held within the time limit specified in its application for constitution;
(2) fewer than nine mutual companies are members of the federation; or
(3) an annual meeting has not been held for two consecutive years.
