A-32 - Act respecting insurance

Section 307 Disposition versions

2003-02-12

307. The balance sheet must, as the case may be, show in particular:

(a)  the investments and loans of the insurer;

(b)  cash on hand and in the bank;

(c)  the other assets of the insurer from outstanding and accrued investment income, premiums and assessments due and outstanding and any other sums receivable;

(d)  provisions and reserves;

(e)  (paragraph repealed);

(f)  the other sums due to the insured persons, beneficiaries, members and shareholders of the insurer;

(g)  the subscribed and paid-up capital stock;

(h)  the premiums and assessments collected in advance;

(i)  (paragraph repealed) ;

(j)  the amount of the common shares and the amount of the preferred shares subscribed and paid.

1974, c. 70, s. 307; 1985, c. 17, s. 41; 1996, c. 63, s. 63; 2002, c. 70, s. 129.

1996-12-23

307. The statement of the assets and liabilities must, as the case may be, show in particular:

(a)  the investments and loans of the insurer recognized as investments authorized under this Act;

(b)  cash on hand and in the bank;

(c)  the other assets of the insurer from outstanding and accrued investment income, premiums and assessments due and outstanding and any other sums receivable;

(d)  provisions and reserves;

(e)  (paragraph repealed);

(f)  the other sums due to the insured persons, beneficiaries, members and shareholders of the insurer;

(g)  the subscribed and paid-up capital stock;

(h)  the amount of the assessments and of the sums paid on the assessments;

(i)  the surplus from the insurer’s operations and the changes therein since the preceding balance sheet, with a separate statement of the amounts set aside to establish reserves;

(j)  the amount of the common shares and the amount of the preferred shares subscribed and paid.

1974, c. 70, s. 307; 1985, c. 17, s. 41; 1996, c. 63, s. 63.

1985-09-11

307. The statement of the assets and liabilities must, as the case may be, show in particular:

(a)  the investments and loans of the insurer recognized as investments authorized under this act;

(b)  cash on hand and in the bank;

(c)  the other assets of the insurer from outstanding and accrued investment income, premiums and assessments due and outstanding and any other sums receivable;

(d)  reserves;

(e)  reserves for outstanding losses;

(f)  the other sums due to the insured persons, beneficiaries, members and shareholders of the insurer;

(g)  the subscribed and paid-up capital stock;

(h)  the amount of the assessments and of the sums paid on the assessments;

(i)  the surplus from the insurer’s operations and the changes therein since the preceding balance sheet, with a separate statement of the amounts set aside to establish reserves;

(j)  the amount of the common shares and the amount of the preferred shares subscribed and paid.

1974, c. 70, s. 307; 1985, c. 17, s. 41.

1977-12-31

307. The statement of the assets and liabilities must, as the case may be, show in particular:

(a)  the investments and loans of the insurer recognized as investments authorized under this act;

(b)  cash on hand and in the bank;

(c)  the other assets of the insurer from outstanding and accrued investment income, premiums and assessments due and outstanding and any other sums receivable;

(d)  reserves;

(e)  reserves for outstanding losses;

(f)  the other sums due to the insured persons, beneficiaries, members and shareholders of the insurer;

(g)  the subscribed and paid-up capital stock;

(h)  the total amount of the subscription notes and assessments and the sums paid on these notes and assessments;

(i)  the surplus from the insurer’s operations and the changes therein since the preceding balance sheet, with a separate statement of the amounts set aside to establish reserves.

1974, c. 70, s. 307.