Part 1 — Licensing of Insurers and Reciprocal Insurance Exchanges Subpart 1 Licensing of Insurers Insurer's Duty to be Licensed
79 Licence required
(a) the exchange is made by the person's principal attorney,
RSA 2000
(b) the exchange is part of a reciprocal insurance exchange that
is licensed under this Subpart, and
(c) the reciprocal contract falls within a class of insurance that
the reciprocal insurance exchange is authorized to
undertake.
(2) No person may act as principal attorney or on behalf of a
principal attorney in the exchange of reciprocal contracts for
persons who are resident in Alberta unless the exchange is part of a
reciprocal insurance exchange that is licensed under this Subpart.
1999 cI-5.1 s79