O. Reg. 130/19: MINIMUM CAPITAL TEST

 

ontario regulation 130/19

made under the

Insurance Act

Made: May 30, 2019
Filed: June 3, 2019
Published on e-Laws: June 3, 2019
Printed in The Ontario Gazette: June 22, 2019

Amending O. Reg. 259/04

(MINIMUM CAPITAL TEST)

1. (1) The definition of “guideline” in section 1 of Ontario Regulation 259/04 is revoked and the following substituted:

“guideline” means the minimum capital test guideline made by the Chief Executive Officer, as amended from time to time.

(2) Section 1 of the Regulation is amended by adding the following subsection:

Same, transition

(2) The reference in the definition of “guideline” in subsection (1) to the minimum capital test guideline made by the Chief Executive Officer is deemed to include the last minimum capital test guideline made by the Superintendent prior to the day section 22 of Schedule 13 to the Plan for Care and Opportunity Act (Budget Measures), 2018 came into force until the Chief Executive Officer makes a subsequent minimum capital test guideline.

Commencement

2. This Regulation comes into force on the later of the day section 22 of Schedule 13 to the Plan for Care and Opportunity Act (Budget Measures), 2018 comes into force and the day this Regulation is filed.