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Insurance Companies Act

Version of section 334 from 2003-01-01 to 2011-05-31:

Marginal note:Distribution of annual statement

  •  (1) A company shall, not later than twenty-one days before the date of each annual meeting or before the signing of a resolution under paragraph 158(1)(b) in lieu of the annual meeting, send a copy of the documents referred to in subsections 331(1) and (3) to each shareholder at the shareholder’s recorded address and to each policyholder who is entitled pursuant to paragraph 143(1)(b) to receive notice of the meeting, unless that time period is waived by the shareholder or policyholder.

  • Marginal note:Exception

    (2) A company is not required to comply with subsection (1) with respect to shareholders or policyholders who have informed the company, in writing, that they do not wish to receive the annual statement.

  • Marginal note:Effect of default

    (3) Where a company is required to comply with subsection (1) and the company does not comply with that subsection, the annual meeting at which the annual statement is to be considered shall be adjourned until that subsection has been complied with.

  • 1991, c. 47, s. 334
  • 1997, c. 15, s. 234

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