Insurance Companies Act

Marginal note:Contents of letters patent

• 713 (1) There shall be set out in the letters patent incorporating an insurance holding company

  • (a) the name of the insurance holding company;

  • (b) the province in which the head office of the insurance holding company is to be situated; and

  • (c) the date that the insurance holding company came, or is to come, into existence.

• Marginal note:Provisions in letters patent

  (2) The Minister may set out in the letters patent incorporating an insurance holding company any provision not contrary to this Act that the Minister considers advisable in order to take into account the particular circumstances of the proposed insurance holding company.

• Marginal note:Terms and conditions

  (3) The Minister may impose such terms and conditions in respect of the issuance of letters patent incorporating an insurance holding company as the Minister considers necessary or appropriate.