Government of Canada / Gouvernement du Canada
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Insurance Companies Act

Version of section 589 from 2003-01-01 to 2007-04-19:

Marginal note:No new foreign composite companies

 The Superintendent may not make or vary an order approving the insuring in Canada of risks by a foreign company if the foreign company would as a result be permitted to insure both risks falling within the class of life insurance and risks falling within any other class of insurance other than accident and sickness insurance, accident insurance, personal accident insurance, sickness insurance and loss of employment insurance.

  • 1991, c. 47, s. 589
  • 1997, c. 15, s. 304

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