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Insurance Companies Act

Version of section 571 from 2003-01-01 to 2007-04-19:

Marginal note:Definitions

 In this Part,



association means an association of persons formed in a foreign country on the plan known as Lloyd’s, whereby each member of the association participating in a policy becomes liable for a stated, limited or proportionate part of the whole amount payable under the policy; (association)

chief agency

agence principale

chief agency means the principal office of a foreign company in Canada; (agence principale)

chief agent

agent principal

chief agent, in respect of a foreign company, means the natural person appointed pursuant to subsection 579(3) and named as such in the power of attorney referred to in paragraph 579(1)(b); (agent principal)


groupe d’échange

exchange means a group of persons formed in a foreign country for the purpose of exchanging reciprocal contracts of indemnity or inter-insurance with each other through the same attorney, where the principal office of the exchange is in a foreign country; (groupe d’échange)

foreign fraternal benefit society

société de secours étrangère

foreign fraternal benefit society means a fraternal benefit society incorporated outside Canada; (société de secours étrangère)

foreign life company

société d’assurance-vie étrangère

foreign life company means a foreign company that is authorized by order of the Superintendent to insure risks in Canada that fall within the class of life insurance; (société d’assurance-vie étrangère)

foreign property and casualty company

société d’assurances multirisques étrangère

foreign property and casualty company means a foreign company other than a foreign life company; (société d’assurances multirisques étrangère)

fraternal benefit society

fraternal benefit society[Repealed, 1997, c. 15, s. 299]

  • 1991, c. 47, s. 571
  • 1996, c. 6, s. 83.1
  • 1997, c. 15, s. 299

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