Part 2 — Provincial Companies Subpart 1 Status and Powers of Provincial Companies
375 Revocation of auditor's appointment
appointment of its auditor if
(a) the auditor no longer meets the requirements of section 374
and the auditor does not resign, or
(b) the auditor's designated individual no longer meets the
requirements of section 374 and the auditor does not replace
its designated individual with an individual who meets the
requirements of section 374.
(2) The Minister may revoke the appointment of an auditor of a
provincial company if the Minister is satisfied that the auditor or
the auditor's designated individual no longer meets the
requirements of section 374.
(3) The participating policyholders and shareholders of a
provincial company may, by ordinary resolution at a special
meeting, revoke the appointment of an auditor.
(4) Nothing in this section permits the revocation of the
appointment of an auditor if the auditor was appointed by the
Court, unless the Court provides otherwise.
1999 cI-5.1 s375