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Insurance Companies Act

Version of section 594 from 2003-01-01 to 2009-12-31:

Marginal note:Claims against segregated funds

 A claim against a segregated fund maintained as required by section 593 under a policy in Canada or for an amount in respect of which the fund is maintained has priority over any other claim against the assets of that fund, including the claims referred to in section 161 of the Winding-up and Restructuring Act, except to the extent that the payment of that other claim is secured by a security interest in or on a specific, identifiable asset of the segregated fund.

  • 1991, c. 47, s. 594
  • 1996, c. 6, s. 167
  • 1997, c. 15, s. 306

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