Part 2 — Provincial Companies Subpart 1 Status and Powers of Provincial Companies
118 Where segregated funds required
section 117 or accepts or retains amounts described in section 117
must, in respect of those policies or amounts,
(a) maintain separate accounts, and
(b) establish and maintain one or more funds consisting of
assets that are segregated from the other assets of the
company and that are specified as the assets on the market
value of which the liabilities of the company in respect of
those policies or amounts depend.
1999 cI-5.1 s118