Investment Limits (Foreign Companies) Regulations

3 For the purposes of subsections 616(1) and (2) of the Act,

• (a) in respect of a foreign life company the value of whose assets in Canada for the classes of insurance referred to in those subsections exceeds the aggregate of its liabilities in Canada and the margin of assets in Canada over liabilities in Canada referred to in paragraph 608(1)(a) of the Act in respect of those classes by twenty-five million dollars or less, the prescribed percentage of the value of those assets is five per cent; and

• (b) in respect of a foreign life company the value of whose assets in Canada for the classes of insurance referred to in those subsections exceeds the aggregate of its liabilities in Canada and the margin of assets in Canada over liabilities in Canada referred to in paragraph 608(1)(a) of the Act in respect of those classes by more than twenty-five million dollars, the prescribed percentage of the value of those assets is 100 per cent.