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A-32 - Act respecting insurance
Section 298.14
Disposition versions
298.14. The actuary shall prepare, at the end of each fiscal year, a report establishing and presenting the provisions and reserves considered sufficient to ensure sound and prudent management. The report must include any information required by the Authority.
The insurer must, on request, forward a copy of the report to the Authority.
The report must be accompanied by the actuary’s provisions and reserves valuation certificate. The certificate must be appended to the annual statement of the insurer.
298.14. The actuary shall prepare, at the end of each fiscal year, a report establishing and presenting the provisions and reserves considered sufficient to ensure sound and prudent management. The report must include any information required by the Agency.
The insurer must, on request, forward a copy of the report to the Agency.
The report must be accompanied by the actuary’s provisions and reserves valuation certificate. The certificate must be appended to the annual statement of the insurer.
298.14. The Inspector General may, at any time, require that a study be prepared in the manner and within the time he indicates concerning the financial position of the insurer. The actuary shall transmit the study to the Inspector General within the allotted time.
The Inspector General may, for such purpose, designate another actuary to prepare such a study. Any expenses incurred in such a case are, after they are approved by the Inspector General, payable by the insurer.
