Persons entitled
- The Royal Trust Corporation of Canada
Amount secured
All losses,claims,expenses,returns of premiums,re-insurance premiums and other outgoings payable at the date of the trust deed or at any time thereafter to become payable in connection with the business,other than long term business (as defined in the insurance companies act 1982),of the company at lloyd's where (1) the liability of the company in respect of such business is expressed in canadian dollars and the premium payable to or for the account of the company has been paid or is payable in canadian dollars; or (2) the business (other than marine and re-insurance business) is not written in canadian dollars but the risks covered by the policy or contract of insurance are or will ordinarily be situated in a province or territory of canada
Short particulars
Subject to exceptions specified in the trust deed; (1) all premiums and other monies belonging or payable as at the date of the trust deed or at any time thereafter belonging or becoming payable to the company in connection with its canadian business (other than long term business as defined by the insurance companies act 1982) at lloyd's;(2) premiums and other monies at any time paid to or otherwise vested in the trustee;(3) all assets as at the date of the trust deed or thereafter for the time being representing any such premiums and other monies and (4) all income from time to time arising from the sale respectively (see form 395 document for full details and,in particular,for definitions of other terms).