Canada Production Insurance Regulations

Marginal note:Time for compliance

• 11 (1) A production insurance agreement entered into with a province shall include a schedule, in accordance with the national certification guidelines, that sets out the deadline for the province to meet the requirements of subsection 10(2) for each insurance plan that is based on yield.

• Marginal note:Failure to submit documents

  (2) Until the province submits the documents required by subsection 10(2), Canada shall limit its payments toward premium and reinsurance payments under the agreement in respect of the relevant fiscal year and subsequent fiscal years to 75% of the amount otherwise payable under the agreement.

• Marginal note:Documents not showing compliance

  (3) If the documents submitted by the province do not demonstrate that the province has met the requirements of subsection 10(2), payments by Canada shall be limited to the amount that would have been payable under the agreement.