Bill 20 (Legislature 9, Session 1)

L9 S1 7829

Alberta — Bills

Bill No. 20 of 1941 A BILL TO AMEND THE GOVERNMENT OF ALBERTA INSURANCE ACT NOTE. This Bill amends The Government of Alberta Insurance Act. The amendments add to sections 3, 9 and 14 provisions enabling the Government of Alberta to engage in the busi ness of life insurance. The new subsection (2) of

section 7 gives to the insurance office the same powers as are customarily exercised by gen eral insurance offices. Now, if an agent of the insurance offi.ce when soliciting the fire insurance on an institution is requested by the officers of the institution to look after their other insurance such as burglary, public liability, etc., the insurance office may act as the agent of that institution for the placing of such insurance in other companies. The amendment to subsection (5) of

section 12 changes the limitation of actions to correspond with that in force with regard to other insuran,ce companies. w. S. GRAY, Acting Legislative Counsel. (This note does not form any part of the Bill and is offered merely as a partial explanation of some of its provisions.)

BILL No. 20 of 1941

An Act to amend the Government of Alberta Insurance Act. (Assented to ,191,,1.) HIS MAJESTY, by and with the advice and consent of the Legislative Assembly of the Province of Alberta, enacts as follows: 1. This Act may be cited as "The Government of Alberta Insurance Act Amendment Act, 1941." 2. The Government of Alberta Insurance Act, being

chapter 8 of the Statutes of Alberta, 1939, is hereby amended as to

section 3 by renumbering the present

section as subsection (1) and by adding thereto the following new subsection: "

(2) The Government of Alberta is hereby empowered to engage in and carryon the business of life insurance and reinsurance in all its branches in the Province, that is to say, it may make contracts ·of life insurance and may grant, sell or purchase life annuities, grant endowments depend ing upon the contingency of human life, and generally, carryon the business of life insurance in all its branches and forms and do all acts and things which are requisite for the purpose of engaging in or carrying on any such business or are incidental thereto." 3. The said Act is further amended as to

section 7 by renumbering the present

section as subsection (1) and by adding thereto the following new subsection: "

(2) The manager may also act as an agent within the meaning of The Alberta Insurance Act, 1926, for the pur pose of negotiating with any company on behalf of any person, any class of insurance other than life insurance and fire insurance." 4. The said Act is further amended by adding immedi ately after the words "fire insurance", where the same oc cur in

section 9 thereof, the words "life insurance". 5. The said Act is further amended as to

section 12 by striking out subsection (5) thereof and by substituting therefor the following: "

(5) No action or other proceeding shall lie against the manager in respect of any claim for loss or damage under any policy of insurance unless such action or other proceed-·

ing is commenced within one year after the occurrence or loss or damage." 6. The said Act is further amended as to

section 14 by striking out the words "Part IV and

Part V", where the same occur therein, and by substituting therefor the words "Part IV.

Part V and

Part VI". 7. This Act shall come into force on a day to be fixed by Proclamation of the Lieutenant Governor in Council.

FIRST SESSION NINTH LEGISLATURE 5 GEORGE VI 1941 BILL

An Act to amend The Government of Alberta Insurance Act. Received and read the First time. Second time .. Third time RON. MR. MANNING. EDMONTON: A. Shnltka, King's Printer 1 9 4 1 Title: 1941 (9th, 1st) Bill 20,

An Act to amend The Government of Alberta Insurance Act

Document details

Collection	Alberta — Bills
Citation	L9 S1 7829
Type	bill
Volume / chapter	L9 S1 7829
Language	en
Format	json
Source	PROVINCIAL
Identifier	f2d93dd099ad90ff73bdc93ca2a636907814ee46

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