Insurance Companies Act

Marginal note:Conditions for order

• 581 (1) The Superintendent shall not make an order under subsection 574(1) in respect of a foreign entity until it has been shown to the satisfaction of the Superintendent that all relevant requirements of this Act have been complied with and that the foreign entity has

  • (a) vested in trust assets of at least five million dollars or any greater amount that the Superintendent specifies;

  • (b) appointed an actuary under section 623 and an auditor under section 633; and

  • (c) established its chief agency.

• Marginal note:Conditions of order

  (2) The order may contain any conditions or limitations that are consistent with this Act and that the Superintendent considers appropriate.