General Principles (Insurance Law): Difference between revisions
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(Created page with "Category:Insurance ==[https://www.ontario.ca/laws/statute/90i08 Insurance Act, R.S.O. 1990, c. I.8]==") |
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==[https://www.ontario.ca/laws/statute/90i08 Insurance Act, R.S.O. 1990, c. I.8]== | ==[https://www.ontario.ca/laws/statute/90i08 Insurance Act, R.S.O. 1990, c. I.8]== | ||
===Authorization to Issue Insurance=== | |||
42 (1) Upon due application and upon proof of compliance with this Act, the Chief Executive Officer may issue a licence to undertake contracts of insurance and carry on business in Ontario to any insurer coming within one of the following classes: | |||
::1. Joint stock insurance companies. | |||
::2. Mutual insurance corporations. | |||
::3. Cash-mutual insurance corporations. | |||
::4. Fraternal societies. | |||
::5. Repealed: 1997, c. 19, s. 10 (6). | |||
::6. Companies duly incorporated to undertake insurance contracts and not within classes 1 to 5. | |||
::7. Reciprocal insurance exchanges. | |||
::8. Underwriters or syndicates of underwriters operating on the plan known as Lloyds. | |||
Revision as of 21:55, 17 February 2020
Insurance Act, R.S.O. 1990, c. I.8
Authorization to Issue Insurance
42 (1) Upon due application and upon proof of compliance with this Act, the Chief Executive Officer may issue a licence to undertake contracts of insurance and carry on business in Ontario to any insurer coming within one of the following classes:
- 1. Joint stock insurance companies.
- 2. Mutual insurance corporations.
- 3. Cash-mutual insurance corporations.
- 4. Fraternal societies.
- 5. Repealed: 1997, c. 19, s. 10 (6).
- 6. Companies duly incorporated to undertake insurance contracts and not within classes 1 to 5.
- 7. Reciprocal insurance exchanges.
- 8. Underwriters or syndicates of underwriters operating on the plan known as Lloyds.
