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Monday, April 22, 2019
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OC 560/2015 - The Saskatchewan Insurance Amendment Regulations, 2015 (Minister of Justice and Attorney General)
Description:

Title: The Saskatchewan Insurance Amendment Regulations, 2015

Minister: Minister of Justice and Attorney General

Summary: On filing date, these regulations will amend RRS S-26 Reg 8 to:

  • Exempt Mennonite Mutual Fire Insurance Company of Saskatchewan (MMFI) from subsection 81(5) of The Saskatchewan Insurance Act, which limits a provincial insurer to holding real property for its own use to an amount that is no more than 5% of the provincial insurers total investments; and
  • Impose a new investment limit that will allow MMFI to hold real property for its own use in an amount that is no more than 10% of its total assets.
See: The Saskatchewan Insurance Act, section 467





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