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Insurance Companies Act

Version of section 302 from 2003-01-01 to 2006-11-27:

Marginal note:Receipt for prospectus

  •  (1) The Superintendent shall issue a receipt for a prospectus forthwith on its filing with the Superintendent unless, after providing a reasonable opportunity to the person by whom the prospectus was filed to make representations, it appears to the Superintendent that

    • (a) the prospectus or any document required to be filed therewith

      • (i) fails to substantially comply with any of the requirements of this Act or the regulations, or

      • (ii) contains a misrepresentation or any statement, promise, estimate or forecast that is misleading, false or deceptive; or

    • (b) it would not be in the public interest to issue a receipt for the prospectus.

  • (2) to (4) [Repealed, 1996, c. 6, s. 75]

  • 1991, c. 47, s. 302
  • 1996, c. 6, s. 75

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