Information Technology Activities (Property and Casualty Companies and Marine Companies) Regulations

Marginal note:Definitions

1 The following definitions apply in these Regulations.

Act

Act means the Insurance Companies Act. (Loi)

book value

book value, in respect of the shares and ownership interests held by an entity, means the book value reported on the entity’s balance sheet on an unconsolidated basis. (valeur comptable)

member of a property and casualty company’s group

member of a property and casualty company’s group has the same meaning as in subsection 490(2) of the Act. (membre du groupe d’une société d’assurances multirisques)