Insurance Companies Act (S.C. 1991, c. 47)

Act current to 2013-05-26 and last amended on 2012-12-19. Previous Versions

Marginal note:Retention of records

877. An insurance holding company shall retain

  • (a) the records of the insurance holding company referred to in subsection 869(1);

  • (b) any record of the insurance holding company referred to in paragraph 869(2)(a) or (b); and

  • (c) the central securities register referred to in subsection 271(1).

  • 2001, c. 9, s. 465.
Marginal note:Regulations

878. The Governor in Council may make regulations respecting the records, papers and documents to be retained by an insurance holding company and the length of time those records, papers and documents are to be retained.

  • 2001, c. 9, s. 465.

Subdivision 6

Securities Registers

Marginal note:Sections 271 to 277 apply

879. Sections 271 to 277 apply in respect of insurance holding companies, subject to the following:

  • (a) references to “company” in those sections are to be read as references to “insurance holding company”; and

  • (b) [Repealed, 2005, c. 54, s. 347]

  • (c) the reference to “subsection 73(1)” in section 277 is to be read as a reference to “subsection 752(1)”.

  • 2001, c. 9, s. 465;
  • 2005, c. 54, s. 347.
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Subdivision 7

Corporate Name and Seal

Marginal note:Publication of name

880. An insurance holding company shall set out its name in legible characters in all contracts, negotiable instruments and other documents evidencing rights or obligations with respect to other parties that are issued or made by or on behalf of the insurance holding company.

  • 2001, c. 9, s. 465.
Marginal note:Corporate seal

  • 881. (1) An insurance holding company may adopt a corporate seal and change one that it adopted.

  • Marginal note:Validity of unsealed documents

    (2) A document executed on behalf of an insurance holding company is not invalid merely because a corporate seal is not affixed to it.

  • 2001, c. 9, s. 465;
  • 2005, c. 54, s. 348.
Previous Version

Subdivision 8

Insiders

Marginal note:Sections 288 to 295 apply

882. Sections 288 to 295 apply in respect of insurance holding companies, subject to the following:

  • (a) references to “company” in those sections are to be read as references to “insurance holding company”;

  • (b) references to “this Act” in those sections are to be read as references to “this Part”; and

  • (c) references to “this Division” in those sections are to be read as references to “this Subdivision”.

  • 2001, c. 9, s. 465.