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Insurance Companies Act

Version of section 523 from 2003-01-01 to 2007-04-19:


Marginal note:Reinsurance

  •  (1) A company may, subject to subsection (2) and to Division III of Part VI, cause itself to be reinsured by a related party of the company against any risk undertaken by the company.

  • Marginal note:Approval necessary

    (2) A company may cause itself to be reinsured by a related party of the company that is not a company or a foreign company only with the approval of the Superintendent.

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