TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

CLAUSE PANIER [1 record]

Filter results by subject field Alphabetical list of terms

Filter results by subject field

Alphabetical list of terms

Record 1 1998-04-29

English

Subject field(s)
  • Insurance
  • Investment
DEF

A clause contained in the Canadian and British Insurance Companies Act which says that the total book value of a life insurance company's investments not otherwise qualifying under the principal conditions of the Act, may not exceed 7% of the book value of the insurance company's total assets.

French

Domaine(s)
  • Assurances
  • Investissements et placements
DEF

Clause qui figure dans la Loi sur les compagnies d'assurances canadiennes et britanniques et qui autorise celles-ci à faire des placements qui, normalement, ne répondent pas aux principales conditions imposées par la Loi; toutefois, la valeur comptable totale de ces placements ne doit pas dépasser 7% de la valeur comptable de l'actif total de la société.

Spanish

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TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
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