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It specifies how assets are maintained and valued, conditions for vesting, varying, exchanging, or withdrawing assets (including required superintendent approvals and replacement rules), and the trustee’s powers, authority, accountability, compensation, and handling of interest. 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The trustee has no responsibility to verify that vested assets meet authorization requirements.","Answer",{"name":112,"@type":107,"acceptedAnswer":113},"How does the company handle changes to assets vested in trust?",{"text":114,"@type":110},"Before vesting or withdrawing assets, the company must obtain written approval from the superintendent, and the trustee must follow the company’s written direction after receiving approval. The company may also vest or withdraw specific schedule assets without prior superintendent approval if replacement assets meet certified value requirements.",{"name":116,"@type":107,"acceptedAnswer":117},"What authority does the trustee have over vested assets?",{"text":118,"@type":110},"The trustee has full authority to deal with, vary, and exchange vested assets under written directions from authorized company persons, including recovering amounts due, compromising claims, executing required documents, and making purchases and sales of authorized shares, stocks, bonds, and other assets.","https://schema.org",{"og:url":78,"og:type":121,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":123,"canonical":78},"index,follow",{"doc_id":125,"site_id":56},278190,1790637304,{"code":4,"msg":5,"data":128},{"doc_id":125,"user_id":129,"nickname":88,"user_avatar":130,"doc_module":9,"category_id":35,"category_name":36,"doc_title":59,"doc_description":61,"doc_content":131,"file_id":132,"file_url":133,"file_type":134,"file_size":135,"view_count":101,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":136,"language":137,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":138,"faqs":139,"seo_title":140,"seo_description":61,"update_tm":141,"read_time":47},687197207919,"https://ap-avatar.wpscdn.com/avatar/a000253d6f5f7c60be?x-image-process=image/resize,m_fixed,w_180,h_180&k=1779446848396160552","Terms and Conditions of Standard Form Trust Agreement\nINDEX\nParagraph\nNumber\tHeading\nAUTHORIZED ASSETS\nASSETS VESTED IN TRUST\nVALUE OF ASSETS DETERMINED BY THE SUPERINTENDENT\nVESTING, VARYING, EXCHANGING OR WITHDRAWING ASSETS\nPOWERS AND AUTHORITY OF TRUSTEE\nACCOUNTABILITY OF TRUSTEE\nDIRECTION OF A COMPANY\nPAYMENTS ON ACCOUNT OF AN INTEREST IN REAL ESTATE\nEXERCISE OF RIGHTS ATTACHED TO AN ASSET\nSTATEMENT OF ASSETS\nACCESS\nCOMPENSATION OF TRUSTEE\nINTEREST ON MONIES HELD IN TRUST\nTERMINATION\nAPPOINTMENT OF NEW TRUSTEE\nSchedules\nSCHEDULE “A”\t- VESTING OF ASSETS\nSCHEDULE “B”\t-  DECLARATION (MONTHLY)\nSCHEDULE \"C\"\t-  DECLARATION (ANNUALLY)\ni\nRevised October 17, 2002\nOSFI Form No. 542 (October 2002) – Terms and Conditions of Standard Form Trust Agreement\nAUTHORIZED ASSETS\nThe Company shall vest in trust with the Trustee under this Agreement only cash or assets in which the Company may invest its funds or any portion thereof pursuant to the Company's investment and lending policies, standards and procedures established pursuant to the Insurance Companies Act (\"Act\") in force from time to time while this Agreement is in force. The Trustee shall have no responsibility for ensuring that assets vested in trust are so authorized.\nASSETS VESTED IN TRUST\n(a)Subject to subparagraph 6(b), the Company shall have the sole responsibility to vest and maintain with the Trustee assets so that, at any time, the total value of those assets is at least equal to the value of the assets in Canada that the Act requires the Company to maintain at that time.\nAssets vested in trust under this Agreement by the Company in respect of the classes of life insurance and accident and sickness insurance, accident insurance, personal accident insurance and sickness insurance shall be held by the Trustee in an account identified in its records as separate and distinct from the assets vested in trust under this Agreement in respect of other classes of insurance.\nAssets vested in trust under this Agreement shall be held by the Trustee in an account identified in its records as separate and distinct from other accounts of the Trustee.\nAssets vested in trust under this Agreement may not be used as part of a securities lending program.\nVALUE OF ASSETS DETERMINED BY SUPERINTENDENT\nThe Superintendent may determine from time to time the value at which the assets vested in trust with the Trustee shall be accepted for the purposes of the Act.\nVESTING, VARYING, EXCHANGING OR WITHDRAWING ASSETS\n(a)Subject to paragraph 2 and subparagraph (b), prior to vesting an asset in trust or withdrawing an asset vested in trust, the Company shall obtain the written approval of the Superintendent and, upon receipt of the written approval of the Superintendent by the Trustee, the Trustee shall follow the written direction of the Company.\n1\nRevised October 17, 2002\nOSFI Form No. 542 (October 2002) – Terms and Conditions of Standard Form Trust Agreement\nUnless the Superintendent otherwise directs the Company and the Trustee in writing, the Company may, without the prior written approval of the Superintendent,\nvest in trust an asset listed in Schedule \"A\", and\nwithdraw an asset listed in Schedule \"A\" vested in trust on condition that the asset withdrawn is replaced, either prior to or simultaneously with, an asset or assets listed in Schedule \"A\" the value of which on the date of the withdrawal is, and is certified by the Company to the Trustee to be, at least equal to the value of the asset withdrawn.\nFor the purpose of subparagraph (b), the value of an asset shall be determined on the same basis as the basis used to determine the value of an asset for the purpose of paragraph 2(a).\nPOWERS AND AUTHORITY OF TRUSTEE\n(a)Subject to paragraph 4, the Trustee, on the written direction of any of the persons authorized by the Company for that purpose for the time being and from time to time, shall have full authority to deal with, vary and exchange the vested assets so held by it in trust and to demand, rec","cbCaifHpsWpICrkf","https://ap.wps.com/l/cbCaifHpsWpICrkf","doc",104504,13,"English","# INDEX\n## AUTHORIZED ASSETS\n## ASSETS VESTED IN TRUST\n## VALUE OF ASSETS DETERMINED BY THE SUPERINTENDENT\n## VESTING, VARYING, EXCHANGING OR WITHDRAWING ASSETS\n## POWERS AND AUTHORITY OF TRUSTEE\n## ACCOUNTABILITY OF TRUSTEE\n## DIRECTION OF A COMPANY\n## PAYMENTS ON ACCOUNT OF AN INTEREST IN REAL ESTATE\n## EXERCISE OF RIGHTS ATTACHED TO AN ASSET\n## STATEMENT OF ASSETS\n## ACCESS\n## COMPENSATION OF TRUSTEE\n## INTEREST ON MONIES HELD IN TRUST\n## TERMINATION\n## APPOINTMENT OF NEW TRUSTEE\n## SCHEDULES\n## SCHEDULE A\n## SCHEDULE B\n## SCHEDULE C","[{\"question\":\"What assets can be vested in trust under the agreement?\",\"answer\":\"Only cash or assets that the company is permitted to invest its funds in under its approved investment and lending policies may be vested in trust. The trustee has no responsibility to verify that vested assets meet authorization requirements.\"},{\"question\":\"How does the company handle changes to assets vested in trust?\",\"answer\":\"Before vesting or withdrawing assets, the company must obtain written approval from the superintendent, and the trustee must follow the company’s written direction after receiving approval. The company may also vest or withdraw specific schedule assets without prior superintendent approval if replacement assets meet certified value requirements.\"},{\"question\":\"What authority does the trustee have over vested assets?\",\"answer\":\"The trustee has full authority to deal with, vary, and exchange vested assets under written directions from authorized company persons, including recovering amounts due, compromising claims, executing required documents, and making purchases and sales of authorized shares, stocks, bonds, and other assets.\"}]","OSFI Form No. 542 - Terms and Conditions of Standard Form Trust Agreement | DOC",1789507819]