Part 2 — Provincial Companies Subpart 1 Status and Powers of Provincial Companies
390 Auditor's report and extended examination
provincial company report to the Minister on the extent of the
auditor's procedures in the examination of the annual return and
may, in writing, require that the auditor enlarge or extend the scope
of that examination or direct that any other particular procedure be
performed in any particular case, and the auditor must comply with
the requirement of the Minister and report to the Minister.
(2) The Minister may, in writing, require that the auditor of a
provincial company make a particular examination relating to the
adequacy of the procedures adopted by the company for the safety
of its creditors, policyholders and shareholders, or any other
examination that, in the Minister's opinion, the public interest may
require, and the auditor must comply with the requirement and
report to the Minister.
(3) The expenses incurred as a result of the auditor's performing
duties under subsections (1) and (2) are payable by the provincial
company on being approved by the Minister.
1999 cI-5.1 s390