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Notes on the Insurance Act 1910, Dominion of Canada

Published online by Cambridge University Press:  18 August 2016

Thomas Bradshaw
Affiliation:
Imperial Life Assurance Company of Canada, Toronto

Extract

In view of the long and honourable association of British life assurance institutions with life assurance in Canada, an association dating back prior to the formation of Canada's oldest company, and of the deep interest taken and aid rendered during the preparation of the Dominion Insurance Act, 1910, by the Canadian and Home officers of those British life institutions actively engaged in business in Canada, as well as by leadingindependent British actuaries, it would appear but appropriate that some reference should be made in the proceedings of the Institute relative to the new Act. Furthermore, in consequence of the increased interest taken in the affairs of Canada generally, and of the great development everywhere in evidence there, may it not be that a closer acquaintance with the principles underlying the new Canadian legislation may encourage those British life offices which though nominally having agencies in Canada are inactive in so far as new business is concerned, and other offices which have not yet ventured across the ocean, to seek aggressively for new business throughout the Dominion.

Type
Research Article
Copyright
Copyright © Institute and Faculty of Actuaries 1911

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References

page 558 note * If the total market value of any item is less than the value in account a deduction should here be made.

page 561 note * If a net loss has been sustained upon securities sold a deduction should here he made.

page 564 note * The items marled with an asterisk on this and the following pages are set out in tabular form in the original schedules.

page 567 note * To be sworn to before some person duly authorized to administer oaths in Legal proceedings for the county or district where the affidavit is subscribed or sworn to.