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Insurance Companies Act

Version of section 582 from 2003-01-01 to 2007-04-19:


Marginal note:Permissible securities

  •  (1) The assets of a body corporate to be vested in trust pursuant to paragraph 581(1)(a) are to consist of unencumbered securities of or guaranteed by Canada or a province.

  • Marginal note:Other permissible securities

    (2) The assets of a body corporate to be so vested in trust may also consist of other securities at the accepted value and on the conditions established by the Superintendent.


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