Part 2 — Provincial Companies Subpart 1 Status and Powers of Provincial Companies
296 Allocation of expenses
account that portion of the expenses, including taxes, of the
company for a financial year that is determined in accordance with
a method that is
(a) in the written opinion of the actuary of the company, fair
and equitable to the participating policyholders,
(b) approved by resolution of th e directors, after consideration
of the written opinion of the actuary of the company, and
RSA 2000
(c) not disallowed by the Minister, within 60 days after the
Minister receives the resolution under section 297, on the
ground that it is not fair and equitable to the participating
policyholders.
1999 cI-5.1 s296