Part 2 — Provincial Companies Subpart 1 Status and Powers of Provincial Companies
122 Restriction of claims
for an amount in respect of which a segregated fund is maintained
pursuant to section 118
(a) does not, except to the extent that the assets of the fund are
insufficient to satisfy a claim for any minimum amount that
the company agrees to pay under the policy or in respect of
the amount, give rise to a claim against any assets of the
company other than the assets of that fund,
but
(b) to the extent that the assets of the fund are insufficient to
satisfy such a claim, gives rise to a claim against the assets
of the company, other than the assets of that fund.
1999 cI-5.1 s122