Definition of 2005) 28 OSCB (Supp-4) (b) “variable insurance contract

2005) 28 OSCB (Supp-4) (b) “variable insurance contract means a contract of life insurance under which the interest of the purchaser is valued for purposes of conversion or surrender by reference to the value of a proportionate interest in a specified portfolio of assets. (2) The dealer registration requirement does not apply in respect of a trade in a variable insurance contract by an insurance company if the variable insurance contract is