§ Mr. BARNESasked when consideration was being given to applications from societies desiring to become approved societies under the Act, would the Insurance Commissioners have power under the Act to take into account whether or not the applying societies were being properly conducted as well as the soundness of their actuarial position?
Mr. McKINNON WOODI am not quite sure what my hon. Friend means by "properly conducted." The conditions with which societies desirous of being approved must comply are enumerated in Clause 23 of the Bill. After a society has become an approved society it must make 2354 rules to the satisfaction of the Insurance Commissioners for the administration of its affairs under the Bill.