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Property Insurance Fire Prevention Tax Regulations made under Section 51 of the
Fire Safety Act
S.N.S. 2002, c. 6
O.I.C. 77-18 (January 11, 1977), N.S. Reg. 2/77
1 These regulations may be cited as the Property Insurance Fire Prevention Tax Regulations.
2 For the purposes of
Section 27 of the Fire Prevention Act[Section 50 of the Fire Safety Act] "transacting the business of fire insurance within the Province" shall be and is deemed to mean:
in the case of insurance of property all contracts on which premiums are receivable in respect of property that was situated in the Province at the time the premium became payable after deducting
(i) the cash value of dividends paid or credited by the company to policy holders, and
(ii) premiums returned by the company or refunded by reason of cancellation or by reason of rebate provisions should the contract be on the premium note plan.
3 The above regulations do not apply to premiums receivable in respect to contracts of marine or automobile insurance.
4 The said regulations are effective and apply on and after the 1st day of January, 1977.