Print Options

(1) Where the Commission is satisfied that there is good reason for some or all of a deposit made under section 73 to be returned to an insurer, the Commission may by notice authorize the return of the deposit to the insurer.

(2) Subject to subsection (3), a deposit made by an insurer under section 73 shall not be returned to the insurer unless the Commission has issued a notice authorizing the return under subsection (1).

(3) Despite subsection (2), where an insurer is in liquidation or in judicial management, the court may order that a deposit made under section 73 shall be returned to the liquidator or judicial manager subject to such conditions as the court considers appropriate.