Borrowing (Property and Casualty Companies and Marine Companies) Regulations
Version of section 5 from 2010-01-01 to 2024-11-26:
5 For the purposes of section 476 of the Act, the aggregate of the total debt obligations of a property and casualty company or a marine company is the aggregate of the following less the total of the stated capital of the company:
(a) the debt obligations of the company, and
(b) any debt obligations of its prescribed subsidiaries that are not held by the company.
- SOR/2009-296, s. 7
- Date modified: