Part 1 — Licensing of Insurers and Reciprocal Insurance Exchanges Subpart 1 Licensing of Insurers Insurer's Duty to be Licensed
31 Duty on expiration of licence
(a) the insurer gives the Minister 30 days' notice of its intention
not to renew its licence, and
(b) the insurer provides the Mini ster with a statutory declaration
stating that
RSA 2000
(i) the insurer has no unpaid claims in respect of the
insurer's contracts of insurance made in Alberta,
(ii) all of the insurer's contracts of insurance made in
Alberta are discharged or expired or have been
transferred or assigned to another licensed insurer, and
(iii) the insurer has no outsta nding fees or taxes payable to
the Government.
(2) When an insurer does not renew its licence, the Minister must
publish a notice in The Alberta Gazette stating that the licence of
the insurer has expired and setting out any information about the
insurer or its business in Alberta that the Minister considers
appropriate.
1999 cI-5.1 s31