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A-32 - Act respecting insurance

Section 281
Disposition versions

Full text
281. The insurer may by by-law, in order to constitute any separate group of assets contemplated in section 280, pay into it any amount or security derived from its surplus which it has at its disposal.
For the purposes of the first paragraph, any surplus shall be that shown in the last annual statement of the insurer.
The first paragraph has effect from 20 October 1976 in respect of mutual insurance companies.
1974, c. 70, s. 281; 2002, c. 70, s. 111.
281. The insurer may by by-law, in order to constitute any separate group of assets contemplated in section 280, pay into it any amount or security derived from its surplus which it has at its disposal for payment of dividends.
1974, c. 70, s. 281.
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