Insurance Companies Act
Version of section 622 from 2007-04-20 to 2024-06-19:
Marginal note:Exception
622 A foreign company may vest in trust an asset if the asset was acquired through a transaction described in any of sections 524 to 533 and
(a) the transaction was entered into on terms and conditions that are at least as favourable to the foreign company as market terms and conditions, as defined in subsection 534(2); and
(b) the foreign company files a notice of the vesting with the Superintendent on vesting the asset in trust.
- 1991, c. 47, s. 622
- 1997, c. 15, s. 316
- 2007, c. 6, s. 293
- Date modified: