Part 1 — Licensing of Insurers and Reciprocal Insurance Exchanges Subpart 1 Licensing of Insurers Insurer's Duty to be Licensed
47 Records to be filed
of automobile insurance or any other class of insurance designated
by the Minister must prepare and file with the Minister, or with a
statistical agency designated by the Minister,
(a) a record of its premiums and of its loss and expense costs in
Alberta, and
(b) a record of any other information required by the Minister,
in a manner and according to a system of classification that the
Minister approves.
(2) A statistical agency designated by the Minister must compile
the data in the records filed under subsection (1) in a manner
approved by the Minister and submit the compiled data to the
Minister.
(3) The reasonable remuneration and expenses of the statistical
agency designated by the Minister are payable by the insurers
whose data is compiled and, if there is a dispute with respect to the
amount payable, the Minister's decision is final.
RSA 2000
(4) An amount determined by the Minister under subsection (3) is
a debt owing to the statistical agency by the insurer specified by the
Minister and may be recovered from the insurer by the agency in an
action for debt.
RSA 2000 cI-3 s47;2008 c19 s10