A-32.1 - Insurers Act

Section 131 Disposition versions

2019-06-13

131. If it considers it necessary, the Authority may

(1)  order the preparation, in the manner and within the time it specifies, of an actuarial study regarding any matter, in particular, an assessment of an authorized insurer’s actuarial reserves and financial position; or

(2)  order that the annual audit of an authorized insurer’s books and accounts be continued, that its scope be broadened or that a special audit be conducted.

The Authority may designate an actuary or an auditor, other than the one appointed by the insurer, to be charged with the study or audit.

The expenses incurred in such a case are payable by the insurer after approval by the Authority.

2018, c. 23, s. 3.

Not in force

In force: 2019-06-13

131. If it considers it necessary, the Authority may

(1)  order the preparation, in the manner and within the time it specifies, of an actuarial study regarding any matter, in particular, an assessment of an authorized insurer’s actuarial reserves and financial position; or

(2)  order that the annual audit of an authorized insurer’s books and accounts be continued, that its scope be broadened or that a special audit be conducted.

The Authority may designate an actuary or an auditor, other than the one appointed by the insurer, to be charged with the study or audit.

The expenses incurred in such a case are payable by the insurer after approval by the Authority.

2018, c. 23, s. 3.