Bill 16 (Legislature 3, Session 1)

L3 S1 10528

Alberta — Bills

BILL No. 16 of 1913 (Second Session).

An Act to Amend The Alberta Insurance Act. (A88ented to ' 1913.) HIS MAJESTY, by and with the advice and consent of the Legislative Assembly of the Province of Alberta, enacts as follows: 1. The Alberta Insurance Act, being

chapter of the Statutes of Alberta, 1913 (First Session), is amended as follows:

Section 2, subsection (s): By substituting the word "or" for "on" in the second line thereof. 2. ~ection 3: By repealing this

section and substituting therefor the following: '' The provisions of this Act shall not apply to a company licensed by the Dominion of Canada, except as to sections numbered 2, 4, 7, 8, 13 to inclusive, 38, 40 to inclusive, 57 to inclusive, 70, 76 and to inclusive."

Section 6: By repealing subsections (b), (

c) and (

d) and substituting therefor the following: " (

b) Fire insurance; or "(

c) Hail insurance: or "(

d) Accident, sickness and guarantee insurance, or" and by adding the following subsection: "(

e) Storm, cyclone and tornado, inland marine, inland transportation, sprinkler leakage, plate glass, live stock, explosion, steam boiler, burglary, theft, automobile and Yehicle, mortgage, investment and title, or any other kind or kinds of insurance not included in any of the foregoing groups."

Section 7: By repealiug ~aid

section and substituting tren~for the following: "A company licensed to carry on the kind or kinds of business in any one of the groups mentioned in

section (j of this Act, with the exception of group (a), may, provided itR eharter permits, take out as many licenses as the case may require to carry on the kind or kinds of business in the remainin~ pToups, excepting group (a), upon paying the additional license fee or fees according to the scale fixed by

section of this Act." 5. flection 8: By striking out the words "but shall be renewable from year to year."

Section 9: By adding the word "Alberta" after the word "its" in the fifth line thereof.

Section 10: By repealing this

section and substituting_ therefor the following: "All foreiv.n insurance companies not licensed by the Dominion of Canada but licensed to transact any business of life insurance in the Province of Alberta shall deposit with the Treasurer such a percentage of the reserve required by

section hereof on all its Alberta policies as the Super intendent of Insurance may direct." 2

Section 18: By substituting the word "on" for in" in the third last line thereof.

Section 20: By striking out the last sentence thereof.

Section 23: By repealing same.

Section 28: By adding the words "in the Province of Alberta" after the word "risk" in the third line thereof. (

b) By adding the words or of

an Act of any province. thereof" after the word "Canada" in the third line thereof. (

c) By adding the following subsection: 11 (

d) Every foreign mutual fire or fire and inland marine company insuring mercantile and manufacturing risks shall keep on deposit with the Treasurer $10,000.00, but a foreign mutual fire insurance company not insuring mercantile and manufacturing risks shall keep on deposit with the Treasurer $5,000.00."

Section 40: By striking out the word "in" in the second line thereof.

Section 41 : By adding the words "fire insurance" after the word "any" in the first line thereof. 14. 8ection 58: By striking out all of said

section after the word "thereof" in the seventh line thereof, and by substituting the following: " 1. For life insurance. . . . . . . . . . . . . . . . : . . . $300. 00 11 2. For fire insurance . . . . . . . . . . . . . . 300. 00 "3. For hail insurance. . . . . . . . . . . . . . . . . 200. 00 11 4. For accident, sickness and guarantee insur- ance.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200.00 "5. For one or more of all other kinds of in- surance. . .. .. . . .. .. . . . . . . . . . . . . . 100.00 "Provided, that for mutual insurance the fee shall be $100.00 for each license; and "Provided, that for the remainder of the year only one-half of the fees in the foregoing

schedule shall he paid."

Section 64: By substituting the words "three months" for the words one month" in the second line thereof. 16. Rection R8: By repealing same. No.16 FIRST SESSION THIRD LEGIHLATURE GEORGE V 1913 (l!lllCOND SESSION) BILL

An Act to Amend The Alberta Insurance Act. Received and read the First time ................. . Second time ............... . Third time ................ . EDMONTON: J. W. JBI'I'IlBY, Government Printer A.D. 1913 Title: 1913 (3rd, 1st) Bill 16,

An Act to Amend The Alberta Insurance Act

Document details

Collection	Alberta — Bills
Citation	L3 S1 10528
Type	bill
Volume / chapter	L3 S1 10528
Language	en
Format	json
Source	PROVINCIAL
Identifier	2e467f0ed59ddc28c38335d3d91380d86398463d

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