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Volume 52, No. 19

B.C. Reg. 229/2009

The British Columbia Gazette,

Part II

October 6, 2009

B.C. Reg. 229/2009 , deposited September 24, 2009, pursuant to the INSURANCE CORPORATION ACT [Section 47] and the UTILITIES COMMISSION ACT [Section 3]. Order in Council 494/2009, approved and ordered September 23, 2009.

On the recommendation of the undersigned, the Lieutenant Governor, by and with the advice and consent of the Executive Council, orders that the Special Direction IC2 to the British Columbia Utilities Commission, B.C. Reg. 307/2004, is amended

(

a) in

section 1 by repealing the

definitions of " capital available " and " MCT " and substituting the following:

"capital available" means capital available as that term is described in the Guideline for Minimum Capital Test (MCT) for Federally Regulated Property and Casualty Insurance Companies No. A dated March 2008 issued by the Office of Superintendent of Financial Institutions Canada;

"MCT" means MCT as that term is described in the Guideline for Minimum Capital Test (MCT) for Federally Regulated Property and Casualty Insurance Companies No. A dated March 2008 issued by the Office of Superintendent of Financial Institutions Canada. ,

(

b) in

section 3 (1) (c) (ii) (

E) by adding " up to and including 2008, " before " the payments that the corporation is to make ", and

(

c) in

section 3 (1) (

c) by adding the following subparagraph:

(ii.1) for 2009, to make the payments that the corporation has agreed to make under the agreement dated for reference January 1, 2009, between the corporation and the government as represented by the Minister of Public Safety and Solicitor General entitled "Traffic and Road Safety Law Enforcement Funding Memorandum of Understanding", and .

— M. de JONG, Attorney General ; C. HANSEN, Presiding Member of the Executive Council .

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