CONSOLIDATION

Equity of an Insurance Company or Insurance Holding Company Regulations

SOR/2001-380

Current to June 20, 2022



OFFICIAL STATUS OF CONSOLIDATIONS Subsections 31(1) and (3) of the Legislation Revision and Consolidation Act, in force on June 1, 2009, provide as follows: Published consolidation is evidence

31 (1) Every copy of a consolidated statute or consolidated regulation published by the Minister under this Act in either print or electronic form is evidence of that statute or regulation and of its contents and every copy purporting to be published by the Minister is deemed to be so published, unless the contrary is shown. ... Inconsistencies in regulations

(3) In the event of an inconsistency between a consolidated regulation published by the Minister under this Act and the original regulation or a subsequent amendment as registered by the Clerk of the Privy Council under the Statutory Instruments Act, the original regulation or amendment prevails to the extent of the inconsistency.

LAYOUT The notes that appeared in the left or right margins are now in boldface text directly above the provisions to which they relate. They form no part of the enactment, but are inserted for convenience of reference only.

NOTE This consolidation is current to June 20, 2022. Any amendments that were not in force as of June 20, 2022 are set out at the end of this document under the heading “Amendments Not in Force”.

Current to June 20, 2022

TABLE OF PROVISIONS Equity of an Insurance Company or Insurance Holding Company Regulations

Equity of a Company or an Insurance Holding Company 1

Equity

Coming into Force *2

Coming into force

Current to June 20, 2022

ii

Registration SOR/2001-380

October 4, 2001

INSURANCE COMPANIES ACT Equity of an Insurance Company or Insurance Holding Company Regulations

P.C. 2001-1751

October 4, 2001

Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to section 1021a of the Insurance Companies Actb, hereby makes the annexed Equity of an Insurance Company or Insurance Holding Company Regulations.

a

S.C. 2001, c. 9, s. 465

b

S.C. 1991, c. 47

Current to June 20, 2022

Equity of an Insurance Company or Insurance Holding Company Regulations

Equity of a Company or an Insurance Holding Company Equity 1 For the purposes of the Insurance Companies Act, (a) the equity of a company is the sum of the shareholders’ equity of the company and the minority interests in entities controlled by the company, as they appear in the consolidated financial statements of the company; and (b) the equity of an insurance holding company is the

sum of the shareholders’ equity of the insurance holding company and the minority interests in entities controlled by the insurance holding company, as they appear in the consolidated financial statements of the insurance holding company.

Coming into Force Coming into force 2 These Regulations come into force on the day on which section 1021 of the Insurance Companies Act, as enacted by section 465 of the Financial Consumer Agency of Canada Act, chapter 9 of the Statutes of Canada, 2001, comes into force.

*

*

[Note: Regulations in force October 24, 2001, see SI/2001-102.]

Current to June 20, 2022

