Part 2 — Provincial Companies Subpart 1 Status and Powers of Provincial Companies
228 Notices to policyholders, shareholders, directors
or the bylaws of a provincial company to be given or sent to a
policyholder, shareholder or director of a provincial company may
be delivered personally to the policyholder, shareholder or director
or sent by mail addressed to
(a) the policyholder at the po licyholder's latest address as
shown in the records of the company,
(b) the shareholder at the shareh older's latest address as shown
in the records of the company or its transfer agent, or
(c) the director at the director's latest address as shown in the
records of the company or of the Minister.
(2) A notice or document sent by mail in accordance with
subsection (1) to a policyholder, shareholder or director is deemed
to be received by the policyholder, shareholder or director at the
time it would be delivered in the ordinary course of mail unless
there are reasonable grounds for believing that the policyholder,
shareholder or director did not receive the notice or document at
that time or at all.
(3) If a provincial company sends a notice or document to a
policyholder or shareholder in accordance with subsection (1) and
the notice or document is returned on 3 consecutive occasions
because the policyholder or shareholder cannot be found, the
company is not required to send any further notices or documents
to the policyholder or shareholder until the policyholder or
shareholder informs the company in writing of the policyholder's
or shareholder's new address.
(4) If there is a conflict between subsections (1) to (3) and a
statutory condition contained in a policy, the statutory condition
prevails.
1999 cI-5.1 s228
RSA 2000