Aggregate Financial Exposure (Insurance Companies) Regulations

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Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to section 1021 of the Insurance Companies Act, hereby makes the annexed Aggregate Financial Exposure (Insurance Companies) Regulations.^note^note

In these Regulations, Act means the Insurance Companies Act.

For the purpose of subsection 528.2(1) of the Act, the aggregate financial exposure of a company is the amount determined by the formula

These Regulations come into force on the day on which section 528.2 of the Insurance Companies Act, as enacted by section 429 of the Financial Consumer Agency of Canada Act, chapter 9 of the Statutes of Canada, 2001, comes into force.

Federal laws of Canada reproduced under the Reproduction of Federal Law Order (SI/97-5); not the official version. Source: Justice Laws Website.