Borrowing (Property and Casualty Companies and Marine Companies) Regulations
Version of section 5 from 2006-03-22 to 2009-12-31:
5 For the purposes of section 476 of the Act, the aggregate of the total debt obligations of a property and casualty company is the aggregate of
(a) the debt obligations of the property and casualty company, and
(b) any debt obligations of the prescribed subsidiaries of the property and casualty company that are not held by the property and casualty company,
less the total of the stated capital of the property and casualty company.
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