Government of Canada / Gouvernement du Canada
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Insurance Companies Act

Version of section 596 from 2003-01-01 to 2007-04-19:

Marginal note:Regulations

  •  (1) The Governor in Council may, in respect of policies in Canada of a foreign company, make regulations limiting the extent to which the foreign company may cause itself to be reinsured against risks in Canada undertaken by it.

  • Marginal note:Regulation may provide for discretion

    (2) A regulation made pursuant to subsection (1) may provide that the Superintendent may, by order, determine the matters or exercise the discretion that the regulation may specify.

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