Bill 35 (Legislature 11, Session 5)

L11 S5 6832

Alberta — Bills

Bill No. 35 of 1952. A BILL TO AMEND THE ALBERTA INSURANCE ACT. NOTE. This Bill amends The Alberta Insurance Act, being chap ter of the Revised Statutes of Alberta, 1942.

Section is amended by striking 'Out the definiti'Ons 'Of "Bond insurance", "Fidelity insurance" and "Title insur ance". These three types of guarantee insurance are in cluded in the definition IOf "Guarantee insurance" in sub s,ection (28) and there is no need to dcline them separately.

Section 33, clause (aa) is amended. The effect of the amendment.is to replace the word "or" in the fifth line of clause (aa) by the word "and"; and to substitute the "Minister 'Of Finance (Canada)" for the "Superintendent of Insurance" as the official fr'Om whom the certificate 'Of registry is to be obtained. The first change corrects an error in printing; the seoond change is made because it is the Minister of Finance (Canada) and not the Superintend ent of Insurance who issues. the ·certificates of registry under The Department of Insurance Act (Canada).

Section 120, subsection (16) is amended. This subsection provided f'Or pUblication 'Of a notice 'Of an annual meeting of an insurance company in two or more newspapers pub lished at or near the pl'ace where the head office of the company is situate. In many cities there is now but the one newspaper and the amendment provides that the notice may be published in tW'O or more issues of a daily newspaper, as an alternative to publication in two or more newspapers.

Schedule D is amended by renumbering the Statutory Conditions in the Act t'O conform with the printed Statutory Conditions appearing in the new comprehensive automobile statutory standard form used in all the provinces. This Bill comes into force upon assent. J. W. RYAN, Acting Legislative Counsel. (This note does not form any part of the Bill but is offered in explanation of its provisions.) BILL No. 35 of 1952.

An Act to amend The Alberta Insurance Act. (Assented to ,1952.) HER 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 Revised Statutes of Alberta, 1942, is hereby amended. 2.

Section is amended by striking out subsections (9), !~~ (24) and (63).

Section 33, clause (aa) is amended,-

Section amended (

a) by striking out the words "or has" and by substi- tuting the words "and has"; (

b) by striking out the words "Superintendent of In surance appointed under" and by substituting the words "Minister of Finance (Canada) pursuant to".

Section 120, subsecti'On (16) is amended by adding

Section immediately after the word "newspapers" the words ", or amended in two 'Or m'Ore issues of a-daily newspaper,". 5.

Schedule D is amended,- ~:e~~~lJ D (

a) by renumbering sections 3a to inclusive as sec- tions to inclusive; (

b) by striking out the figure "7" where it 'Occurs in cI:ause (a) 'Of subsection (1) of

section 5, now renumbered als

section 7, and by 'Substituting the figure "9"; (

c) by striking out the figure "5" where it 'Occurs in subsection (1) of

section 8, now renumbered as

section 10, and by substituting the figure "7"; (

d) by striking out the figures and word "4 and 5" where they occur in subsecti'On (2) of

section 8, n'Ow renumbered as

section 10, and by substituting the figures and word "6 and 7" . . ~. This Act shall come into force on the day upon which ~~~~~ce It IS assented to. No. 35. FIFTH SESSION ELEVENTH LEGISLATURE Elizabeth II BILL

An Act to amend The Alberta Insurance Act. Recei ved and read the First time ......................................... . Second time ....................................... . Third time ......................................... . HON. MR. GERHART. Title: 1952 (11th, 5th) Bill 35,

An Act to amend The Alberta Insurance Act

Document details

Collection	Alberta — Bills
Citation	L11 S5 6832
Type	bill
Volume / chapter	L11 S5 6832
Language	en
Format	json
Source	PROVINCIAL
Identifier	4bc1fda0ab77f81c3d311aadd76c6a48a566bc19

Source file is stored in the law ingest library (json).