61. The policyholder of a group insurance contract must be able to provide for the management of the master policy, in particular the collection of the premiums for the insurer. If the policyholder is an association of employees or a professional syndicate, it may enter into an agreement with the employer or a third party so that the employer or third person manages the master policy in the name of the policyholder.
The first paragraph does not apply to the policyholder if the contract is a voluntary retirement savings plan registered in accordance with the Voluntary Retirement Savings Plans Act (chapter R-17.0.1) or a pooled registered pension plan within the meaning of the Pooled Registered Pension Plans Act (S.C. 2012, c. 16).
O.C. 887-2009, s. 61; S.Q. 2013, c. 26, s. 137.