Exemption from Restrictions on Investments (Insurance Companies, Insurance Holding Companies and Societies) Regulations

Marginal note:Prescribed circumstances — property and casualty companies and marine companies

2 For the purpose of subparagraph 495(5)(d)(ii) of the Insurance Companies Act, subsections 495(6) to (8) of the Act do not apply in determining whether a company would be permitted to acquire a substantial investment in an entity under subsection 493(2), paragraph 493(3)(b) or (c) or subsection 495(1) or (4) of the Act.