Government of Canada / Gouvernement du Canada
Symbol of the Government of Canada


Insurance Companies Act

Version of section 653 from 2003-01-01 to 2009-12-31:

Marginal note:Employment of assets for surrender or transfer

 The Superintendent may authorize the trustee in which assets are vested in trust for the foreign company to employ any portion of those assets for the purpose of effecting the surrender, transfer or insuring of outstanding policies in Canada, but not so as to reduce the assets in Canada of the foreign company below the requirements of this Part in respect of continuing policyholders.

Date modified: