Special Economic Measures (Belarus) Regulations

Marginal note:Insurance and reinsurance

• 3.3 (1) It is prohibited for any person in Canada and any Canadian outside Canada to provide insurance or reinsurance to or for the benefit of

  • (a) Belarus or an entity controlled by Belarus; or

  • (b) a person acting on behalf of or at the direction of an entity referred to in paragraph (a).

• Marginal note:Insurance — aviation and aerospace

  (2) It is prohibited for any person in Canada and any Canadian outside Canada to provide insurance or reinsurance to or for the benefit of any person in Belarus in relation to any good described in Chapter 88 of the Harmonized Commodity Description and Coding System, published by the World Customs Organization, or in relation to technology for a good described in that chapter.

• Marginal note:Existing insurance

  (3) Subsection (2) does not apply in respect of existing insurance or reinsurance until 30 days after the day on which this section comes into force.