Part 1 — Licensing of Insurers and Reciprocal Insurance Exchanges Subpart 1 Licensing of Insurers Insurer's Duty to be Licensed
20 Application requirements
(a) be filed with the Minister,
(b) specify the classes of insura nce that the applicant wishes to
be authorized to undertake, and
(c) contain the information, material and evidence required by
the Minister.
(2) An application for a licence must be accompanied with
(a) a plan for the conduct and development of the business of
the company,
(b) in the case of an applicant other than a provincial company,
a certified copy of its instrument of incorporation and
bylaws,
(c) if the applicant is a federally authorized company, a certified
copy of the order under the Insurance Companies Act
(Canada) approving the company to carry on business or to
insure risks in Canada,
(d) if the applicant is an extra-provincial company, a certified
copy of its authority to carry on business from the
jurisdiction in which the company is incorporated and a
certified copy of the latest audited financial statements of
the company,
(e) copies of all policy forms and forms of application for
insurance proposed to be used by the applicant in Alberta,
(f) the appointment of an individual as its attorney for service
and the consent of the individual to act as the attorney for
service, and
(g) the address of its chief agency in Alberta.
(3) After filing an application for a licence, the applicant must
provide to the Minister any additional information, material and
evidence the Minister considers necessary.
(4) An application by a provincial company for its first licence
after its incorporation under this Act must
RSA 2000
(a) set out the sums of money paid or to be paid by the
company in connection with its incorporation and
organization, and
(b) contain evidence satisfactor y to the Minister that the
directors have performed their duties under section 309.
1999 cI-5.1 s20