Insurance Companies Act
Marginal note:Company records
(a) its incorporating instrument and the by-laws of the company and all amendments thereto;
(b) minutes of meetings and resolutions of shareholders or policyholders;
(c) the information referred to in paragraphs 668(1)(a), (c) and (e) to (h) contained in all returns provided to the Superintendent pursuant to section 668;
(d) particulars of any authorizations, conditions and limitations established by the Superintendent pursuant to subsection 58(1) or (2) or 59(1) or that are from time to time applicable to the company; and
(e) particulars of exceptions granted under section 38 or 253 that are from time to time applicable to the company.
Marginal note:Additional records
(2) In addition to the records described in subsection (1), a company shall prepare and maintain adequate
(a) corporate accounting records;
(b) records containing minutes of meetings and resolutions of the directors and any committee thereof; and
(c) records showing, for each customer of, or claimant under a policy issued by, the company, the amount owing to the company and the nature of the liabilities of the company to the customer or claimant.
Marginal note:Former-Act and continued companies
(3) For the purposes of paragraph (1)(b) and subsection (2),
(a) in the case of a body corporate continued as a company under this Act, “records” includes similar records required by law to be maintained by the body corporate before it was so continued;
(b) in the case of a body corporate amalgamated and continued as a company under this Act, “records” includes similar records required by law to be maintained by the body corporate before it was so amalgamated; and
(c) in the case of a former-Act company, “records” includes similar records required by law to be maintained by the company before the coming into force of this section.
- 1991, c. 47, s. 261
- 1997, c. 15, s. 228(E)
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