810 (1) For the purposes of paragraph 116(6)(e) of the Act, any property that is
(a) property of a non-resident insurer that is a qualified insurance corporation,
(b) an option in respect of property referred to in any of paragraphs 116(6)(a) to (d) of the Act and paragraph (a) whether or not such property is in existence, or
(c) an interest in property referred to in paragraph 116(6)(a), (c) or (d) of the Act or paragraph (a) or (b),
is prescribed to be excluded property.
(2) For the purposes of this section, a non-resident insurer is a “qualified insurance corporation” throughout the period during which it
(a) was licenced or otherwise authorized under the laws of Canada or a province to carry on an insurance business in Canada; and
(b) carried on an insurance business, within the meaning of subsection 138(1) of the Act, in Canada.
- [NOTE: Application provisions are not included in the consolidated text
- see relevant amending Acts and regulations.]
- SOR/94-686, s. 57(F)
- Date modified: