Part 1 — Licensing of Insurers and Reciprocal Insurance Exchanges Subpart 1 Licensing of Insurers Insurer's Duty to be Licensed
53 Cancellation on request
cancel the insurer's licence.
(2) The Minister must not cancel the licence of an insurer under
subsection (1) unless the Minister is satisfied that
(a) the insurer has no unpaid claims in respect of the insurer's
contracts of insurance made in Alberta,
(b) all of the insurer's contracts of insurance made in Alberta
are discharged or expired, or have been transferred or
assigned to another licensed insurer, and
(c) the insurer has no outstanding fees or taxes payable to the
Government.
(3) The Minister must publish a notice of the cancellation of a
licence under this section in The Alberta Gazette.
1999 cI-5.1 s53