Bill 102 (Legislature 14, Session 1)

L14 S1 5992

Alberta — Bills

No. 102 1st Session, 14th Legislature, Alberta 8 Elizabeth II BILL 102 A Bill to amend The Alberta Insurance Act (No.2) RON. MR. PATRICK Printed by L. S. WALL, Printer to the Queen's Most Excellent Majesty, Edmonton, Alberta, 1960

Explanatory Note I. Certain employer-employee medical care, sickness and ac cident benefit programs and similar programs not to require licens ing as insurers und~r this Act.

BILL No. 102 of 1960

An Act to amend The Alberta Insurance Act (No.2) (Assented to , 1960) 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 159 of the Revised Statutes, is amended by adding immediately after

section 25 the following new section: ~5a.

(1) Where a society, association, corporation or other combination of persons is formed and carried on (

a) by an employer and his employees, (

b) by two or more employers directly associated through corporate control and their employees, for the purpose of providing medical care, sickness and accident benefits for the employees and the dependants of the employees of such employer or employers, or for the purpose of providing any of such benefits to any of such persons, if (

c) membership is restricted In the society, association, corporation or other combination of persons to bona fide employees or former employees of the employer or employers, and (

d) the right to receive such benefits is dependent upon the terms of the constitution and by-laws of the society, association, corporation or other com bination of persons, as they exist from time to time, the society, association, corporation or other combination of persons shall not be required to be licensed under this Act as an insurer nor entitled to be so registered, and this Act does not apply thereto.

(2) The Lieutenant Governor in Council may by general or particular regulations provide that any society, associa tion, or corporation being a non-profit organization and having substantially the same purposes as an association described in subsection (1) need not be licensed as an in surer under this Act and thereupon such society, association or corporation is not entitled to be licensed as an insurer and this Act does not apply thereto. 2. This Act comes into force on the day upon which it is assented to.

No. 102 FIRST SESSION FOURTEENTH LEGISLATURE 8 ELIZABETH II 1960 BILL

An Act to amend The Alberta Insurance Act (No.2) Received and read the First time ........................................ .. Second time ....................................... . Third time ......................................... . HON. MR. PATRICK Title: 1960 (14th, 1st) Bill 102,

An Act to amend The Alberta Insurance Act (No. 2)

Document details

Collection	Alberta — Bills
Citation	L14 S1 5992
Type	bill
Volume / chapter	L14 S1 5992
Language	en
Format	json
Source	PROVINCIAL
Identifier	d925b00ae79a591bdaf786c58b64a80918e7d0c3

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