Investment Limits (Insurance Companies) Regulations — 5
Amount determined — real property 5 (1) For the purpose of section 506 of the Act, the amount determined in respect of a company referred to in that section is (a) if the company is a life company, the total of (i) 70% of the amount determined under subsection (4), (ii) 15% of the liabilities of the company in respect of life insurance policies that are not participating policies, (iii) 25% of the liabilities of the company in respect of life insurance policies that are participating policies, and (iv) 5% of the liabilities of the company in respect of (A) all life annuities, whether or not for a guaranteed term, in respect of which the company has contracted with the annuitant to make regular periodic payments of defined amounts, (B) all annuities in respect of which the company has guaranteed a rate of interest for a term of more than 10 years after the date on which the contract is entered into, (C) all group long-term disability annuities in respect of which the company has contracted with the annuitant to make regular periodic payments of defined amounts to retirement age, and (D) all other disability annuities in respect of which the company has contracted with the annuitant to make regular periodic payments of defined amounts (I) while the disability of the annuitant continues, to age 65, or (II) for life; and (b) if the company is a property and casualty company or a marine company, 10% of its total assets. Amount determined — equity (2) For the purpose of section 507 of the Act, the amount determined in respect of a company referred to in that section is (a) if the company is a life company, the total of (i) 70% of the amount determined under subsection (4), (ii) 15% of the liabilities of the company in respect of life insurance policies that are not participating policies, (iii) 25% of the liabilities of the company in respect of life insurance policies that are participating policies, and (iv) 5% of the liabilities of the company in respect of (A) all life annuities, whether or not for a guaranteed term, in respect of which the company has contracted with the annuitant to make regular periodic payments of defined amounts, (B) all annuities in respect of which the company has guaranteed a rate of interest for a term of more than 10 years after the date on which the contract is entered into, (C) all group long-term disability annuities in respect of which the company has contracted with the annuitant to make regular periodic payments of defined amounts to retirement age, and (D) all other disability annuities in respect of which the company has contracted with the annuitant to make regular periodic payments of defined amounts (I) while the disability of the annuitant continues, to age 65, or (II) for life; and (b) if the company is a property and casualty company or a marine company, 25% of its total assets. Amount determined — aggregate limit (3) For the purpose of section 508 of the Act, the amount determined in respect of a company referred to in that section is (a) if the company is a life company, the total of (i) 100% of the amount determined under subsection (4), (ii) 20% of the liabilities of the company in respect of life insurance policies that are not participating policies, (iii) 40% of the liabilities of the company in respect of life insurance policies that are participating policies, and (iv) 5% of the liabilities of the company in respect of (A) all life annuities, whether or not for a guaranteed term, in respect of which the company has contracted with the annuitant to make regular periodic payments of defined amounts, (B) all annuities in respect of which the company has guaranteed a rate of interest for a term of more than 10 years after the date on which the contract is entered into, (C) all group long-term disability annuities in respect of which the company has contracted with the annuitant to make regular periodic payments of defined amounts to retirement age, and (D) all other disability annuit