4454. Foreign insurers

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    1. To obtain IIROC approval, a foreign insurer must: 

      1. have a minimum net worth of $75 million on its last audited statement of financial position,

      2. have financial information acceptable to, and available for inspection by, IIROC, and

      3. satisfy IIROC that it is subject to supervision by regulatory authorities in its incorporation jurisdiction that is substantially similar to a Canadian insurance company’s supervision.

    There is no history log for this rule.

    There is no history log for this rule.