Government of Canada / Gouvernement du Canada
Symbol of the Government of Canada

Search

Total Assets for Supervisability and Public Holding Requirements (Insurance Companies and Insurance Holding Companies) Regulations

SOR/2001-437

INSURANCE COMPANIES ACT

Registration 2001-10-04

Total Assets for Supervisability and Public Holding Requirements (Insurance Companies and Insurance Holding Companies) Regulations

P.C. 2001-1808  2001-10-04

Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to section 1021Footnote a of the Insurance Companies ActFootnote b, hereby makes the annexed Total Assets for Supervisability and Public Holding Requirements (Insurance Companies and Insurance Holding Companies) Regulations.

Total Assets

Definition of total assets

 For the purpose of the definition total assets in subsection 2(1) of the Insurance Companies Act, as it applies in sections 59.1, 412 and 939 of that Act, total assets, in respect of a company or an insurance holding company, at a particular time, means the total value of the assets that would be reported on its balance sheet, prepared as at that time in accordance with the accounting principles and specifications of the Superintendent referred to in subsection 331(4) or 887(4), as the case may be, of that Act.

Repeal

Marginal note:Repeal

 [Repeal]

Coming into Force

Marginal note:Coming into force

Footnote * These Regulations come into force on the day on which subsection 2(1) of the Insurance Companies Act, as enacted by section 345 of the Financial Consumer Agency of Canada Act, chapter 9 of the Statutes of Canada, 2001, comes into force.

 
Date modified: