s 713-540
In forceRequirement to notify happening of new event
Chapter 3Specialist liability rules
Part 3-90Consolidated groups
Division 713Rules for particular kinds of entities
Subdivision 713-LTransitional relief for certain transactions relating to life insurance companies
713-540 Requirement to notify happening of new event
(1)
For a section 713‑505 case, the recipient entity must, if it is not a member of the same consolidated group as the originating entity when the new event happens, notify the originating entity in the approved form of the happening of the new event within 60 days after the new event happens.
(2)
Subsection (1) does not apply if the new event is the originating entity ceasing to exist.
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