Section 1 BEFORE amended by BC Reg 184/2014, effective October 6, 2014.
Definitions
1 In this regulation:
"Act" means the Financial Institutions Act;
"disability assistance" has the same meaning as in the Employment and Income Assistance for Persons with Disabilities Act;
"income assistance" has the same meaning as in the Employment and Income Assistance Act;
"recipient" means an individual
(a) to or for whom income assistance is provided under the Employment and Income Assistance Act, or
(b) to or for whom disability assistance is provided under the Employment and Income Assistance for Persons with Disabilities Act.
Section 3 (a) (ii) BEFORE amended by BC Reg 184/2014, effective October 6, 2014.
(ii) errors and omissions insurance, providing coverage in an amount not less than $500 000 for each error, to an annual maximum of $2 million for all errors reported during the year,
Section 3 (c) (i) BEFORE amended by BC Reg 184/2014, effective October 6, 2014.
(i) submit a personal information return to the superintendent in the form attached as Schedule 1, and
Section 3 (a) (ii) BEFORE amended by BC Reg 124/2019, effective June 14, 2019.
(a) the society must maintain the following insurance for its officers, directors and employees engaged in the society's trust business:
(ii) errors and omissions insurance, providing coverage in an amount not less than $500 000 for each error, with an annual limit of at least $2 million for all errors reported during the year,
Section 3 (b) BEFORE amended by BC Reg 124/2019, effective June 14, 2019.
(b) the society may not hold, for any individual, a trust or estate that exceeds $500 000 in value, exclusive of the value of the individual's principal residence, and
Section 3 (c) (i) BEFORE amended by BC Reg 32/2022, effective June 1, 2022.
(i) submit a personal information return to the superintendent in the form attached to this regulation, and
