Insurance Companies Act
Marginal note:Directing change of name
577 (1) If through inadvertence or otherwise a foreign company is permitted to insure risks under a name specified in the order of the Superintendent approving the insuring in Canada of risks by the foreign company that is prohibited by section 575, the Superintendent may, by order, direct the foreign company to change the name under which it insures risks and the foreign company shall comply with that direction.
Marginal note:Revoking name
(2) Where a foreign company has been directed under subsection (1) to change the name under which it insures risks and has not, within sixty days after the service of the direction, changed that name to a name that is not prohibited by this Part, the Superintendent may revoke the name under which the foreign company insures risks and assign to it a name and, until changed in accordance with subsection 576(1), the name under which the foreign company is to insure risks is thereafter the name so assigned.
- 1991, c. 47, s. 577
- 1996, c. 6, s. 84
- Date modified: