A-32.1, r. 1 - Regulation under the Act respecting insurance

Section 13 Disposition versions

2012-09-01

13. Insurance in the “life insurance” class is insurance whereby the insurer undertakes to pay an agreed amount on the death of the insured. Such insurance may also include an undertaking to pay an amount during the life of the insured, depending on the insured being still alive at a specified time or on the occurrence of an event affecting the existence of the insured. Life and fixed-term annuities transacted by insurers are also included in this class.

O.C. 887-2009, s. 13.