Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations

20 Every life insurance company or life insurance broker or agent who keeps a client information record in respect of a corporation in accordance with subsection 19(1) shall also keep a copy of the part of official corporate records that contains any provision relating to the power to bind the corporation in respect of the transaction with the life insurance company or life insurance broker or agent, if the copy of that part is obtained in the normal course of business.