Point in Time - Financial Institutions Act

"Point in Time" Regulation Content

Financial Institutions Act

Insurance Council Regulation

B.C. Reg. 569/2004

SECTION	EFFECTIVE DATE
NOTE: Links below go to regulation content as it was prior to the changes made on the effective date. (PIT covers changes made from September 19, 2009 to "current to" date of the regulation.)
Section 2	November 1, 2012
	November 8, 2021
Section 3	November 8, 2021

Section 2 (c) BEFORE amended by BC Reg 214/2012, effective November 1, 2012.

(c) before June 1 of each year, appoint a person qualified under sections 180 and 183 of the Company Act as auditor of the council for the following fiscal year,

Section 2 (e) BEFORE amended by BC Reg 279/2021, effective November 8, 2021.

(e) send to every licensee and to every insurance company and extraprovincial insurance corporation that has a business authorization to carry on insurance business, copies of the council's financial statements for the previous fiscal year,

Section 3 BEFORE amended by BC Reg 279/2021, effective November 8, 2021.

Assessments

3 The council is authorized, for the purpose of funding its expenses, to set by order and collect, from insurers authorized to carry on insurance business, an assessment in an amount for each such insurer that is not more than 10 times the amount set by rule of the council for an insurance agent's licence.