O.C. 24/2009

February 4, 2009

A.R. 19/2009

February 5, 2009


            The Lieutenant Governor in Council makes the Insurance Agents and Adjusters Amendment Regulation set out in the attached Appendix.

For Information only

Recommended by:            Minister of Finance and Enterprise

Authority:                             Insurance Act
                                                (section 498)


APPENDIX

Insurance Act

INSURANCE AGENTS AND
ADJUSTERS Amendment REGULATION

1   The Insurance Agents and Adjusters Regulation (AR 122/2001) is amended by this Regulation.

 

2   Section 31 is repealed and the following is substituted:

Records

31(1)  An individual who holds a certificate of authority must keep a record issued by a continuing education provider respecting the continuing education courses completed by the individual during that certificate term.

(2)  The records must be kept for a period of 3 years following the expiry of the certificate term and must be provided to the Minister upon request.

(3)  If the individual does not provide the records within 30 days after receiving a request from the Minister, the certificate of authority is suspended until the demand is complied with.

(4)  In this section, “certificate term” has the same meaning as in section 30(13).