A-32.1 - Insurers Act

Full text
31. The home regulator of an insurer is the competent authority with respect to the insurer’s insurer activities, under the laws of the jurisdiction whose legislation governs the insurer’s constituting act.
However, in the case of a reciprocal union, the union’s home regulator is the Authority, unless the contract to which each person in the union is a party designates another competent authority as such and the latter authority has issued a licence to the union or granted it an authorization similar to that granted by the Authority under this Act.
2018, c. 23, s. 32018, c. 23, s. 3.
In force: 2019-06-13
31. The home regulator of an insurer is the competent authority with respect to the insurer’s insurer activities, under the laws of the jurisdiction whose legislation governs the insurer’s constituting act.
However, in the case of a reciprocal union, the union’s home regulator is the Authority, unless the contract to which each person in the union is a party designates another competent authority as such and the latter authority has issued a licence to the union or granted it an authorization similar to that granted by the Authority under this Act.
2018, c. 23, s. 32018, c. 23, s. 3.