Borrowing (Property and Casualty Companies and Marine Companies) Regulations

3 For the purposes of section 476 of the Act, a prescribed subsidiary of a property and casualty company or a marine company is any subsidiary of the company other than a subsidiary that is a financial institution that is not engaged in the insuring of property and casualty risks in the case of a property and casualty company or in the insuring of marine risks in the case of a marine company.