Copy to be filed with Superinten dent of Insurance. may file his own claim. A copy of such statement certified by the liquidator must forthwith, after the making of such statement, be filed in the office of the Superintendent of Insurance at Ottawa, and notice of such filing must be forthwith given by the liquidator by notice in the Canada Gazette, and in the Official Gazette of each Province of Canada, and in two newspapers issued at or nearest the place where the head office in Canada of the company is Notice to each situate. And the liquidator must also forthwith send by mail prepaid, a notice of such filing to each creditor named in the statement, addressed to the address in Canada of such creditor as far as known, and in the case of foreign creditors addressed to the address of their representatives or agents in Canada as far as known. creditor. If a claim accrues after the winding up order, but within 30 days thereof. If within 30 days the holder signifies his wiil ingness to accept insurance in another company. Report to dent of Insurance. 117. The holder of a policy or contract of insurance other than life insurance, upon which a claim accrues after the date of the winding up order, and before the expiration of thirty days after the filing in the office of the Superintendent of Insurance of the statement referred to in the one hundred and fifteenth section hereof, is entitled to claim as a creditor for the full net amount of such claim; and the said statement and the dividend sheet must, if necessary, be amended accordingly. No claim which accrues after the expiration of the thirty days above mentioned, can rank upon the estate unless and until there be sufficient to pay all creditors in full. 118. If before the expiration of the thirty days abovementioned, the holder of a policy or contract of insurance other than life insurance, signifies in writing to the liquidator his willingness to accept an insurance in some other company or companies in lieu of the insurance policy or contract of the insolvent company, then the liquidator is empowered with the sanction of the court, to effect for such holder an insurance in another company or companies approved of by the Superintendent of Insurance, and to devote to that purpose the dividend on his claim to which such holder may be or become entitled, or such of the assets of the insolvent company as the court may sanction: Provided. however. that such insurance is to be effected only as part of a general scheme for the assumption by some other company or companies, of the whole or part of the outstanding risks and liabilities of the insolvent company. 119. If the company be licensed under the Acts respecting Superinten- insurance, it is to be the duty of the liquidator to report to the Superintendent of Insurance once in every six months, or oftener as the Superintendent may require, on the condition of the affairs of the company, with such further particulars as the Superintendent may require. ... V to xxvii ......xxxii and xxxvi ...xxxiv and xxxvii SUPERINTENDENT'S REPORT, 10th July, 1882..... ture....... Percentage or Ratios .... .... ..... Income and Expenditure of Citizens' Insurance Company-Fire, Accident and Guarantee Departments-for 1881. Payments to Policy-holders..... LIFE INSURANCE terminated in 1881....... Abstract of Accident Insurance in Canada for 1881........ List of Companies licensed to do business of Insurance, with names of Appendix-List of Stockholders of the various Companies... Statement of Assessment made on Companies Insolvent Companies-Atlantic Mutual Life........ do Canada Agricultural......... Globe Mutual Life....... Canada Provident Association.............. Fire Insurance Policy Act of Ontario........ xxxviii xlii to xlix 1 and li lii lvi lvii lviii lix to lxi ....................xxv and 339 ....xxv and 340 ........xxvi and 341 ...xxxvi and 347 ....xxvi and 350 INDEX-Concluded. An Act to extend the application of the Fire Insurance Policy Act.. PAGE. 353 354 355 358 359 360 Judgment of the Lords of the Judicial Committee of the Privy Council, List of Acts relating to Insurance, passed and assented to Fourth Session, .... .... Text of Act respecting Insolvent Banks, Insurance Companies, Loan 405 407 |