4461. Correction of insufficient coverage

If a Dealer Member has less coverage than the calculated minimum insurance requirement coverage and the deficiency:

1. is less than 10% of the minimum insurance requirement, the Dealer Member must correct the deficiency within two months of the filing date of the monthly financial report within which the deficiency was reported, or

2. is 10% or more of the insurance requirement, the Dealer Member must promptly notify IIROC and correct the deficiency within 10 days of identifying it.