Part 1 — Licensing of Insurers and Reciprocal Insurance Exchanges Subpart 1 Licensing of Insurers Insurer's Duty to be Licensed
44 Annual return
return within the time period specified in subsection (2) that meets
the requirements of subsections (3) and (4).
(2) The annual return must be filed
(a) in the case of a provincial company that is limited by the
Minister to the reinsurance of risks, within 105 days after
the end of the calendar year in respect of which the return is
prepared, or
(b) in the case of any other provincial company, within 60 days
after the end of the calendar year in respect of which the
return is prepared.
(3) The annual return must
(a) set out the provincial company's name and the address of its
head office, the names and residential addresses of its
directors, the names of its officers and auditor, the name
and address of its attorney for service and, if the company's
records are held outside Alberta under section 217(4), the
address at which those records are located,
(b) set out the assets, liabilities, receipts and expenditures of the
company for the calendar year and be audited in a manner
that is satisfactory to the Minister,
(c) set out particulars of the business done in Alberta during the
calendar year,
(d) be accompanied with the actuary's valuation referred to in
section 405,
(e) set out any other information considered necessary by the
Minister, and
(f) be approved and signed by the president, vice-president or
managing director or other director appointed for the
purpose by the board of directors and by the secretary or
manager of the company.
RSA 2000
(4) The assets of a provincial company must be valued in
accordance with the method established by the regulations under
section 432(f).
RSA 2000 cI-3 s44;2016 c18 s10