Part 2 — Provincial Companies Subpart 1 Status and Powers of Provincial Companies
398 Revocation of actuary's appointment
appointment of the actuary of the company.
(2) The directors of a provincial company must revoke the
appointment of its actuary if
(a) the actuary no longer meets the requirements of section 395
and does not resign, or
(b) the actuary's designated individual no longer meets the
requirements of section 395 and the actuary does not replace
its designated individual with an individual who meets the
requirements of section 395.
(3) The Minister may revoke the appointment of an actuary of a
provincial company if the Minister is satisfied that the actuary or
the actuary's designated individual no longer meets the
requirements of section 395.
(4) Nothing in this section permits the revocation of the
appointment of an actuary if the actuary was appointed by the
Court unless the Court provides otherwise.
1999 cI-5.1 s398
RSA 2000