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Insurance Companies Act

Version of section 446 from 2003-01-01 to 2007-04-19:


Marginal note:Saving for composite reinsurance companies

 Notwithstanding section 445, subsections 443(2) and 444(2) permit a company to which was issued under Part III of the Canadian and British Insurance Companies Act a certificate of registry or other authorization specifying both risks falling within the class of life insurance and risks falling within some other class of insurance, other than accident and sickness insurance, accident insurance, personal accident insurance and sickness insurance, but limiting the company to the reinsurance of those risks, to reinsure but not to otherwise insure those risks.


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