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A-32.1 - Insurers Act

Section 404
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404. A federation may give an undertaking to the promoters of a mutual company, before its constitution, to admit the mutual company as a member.
Despite section 403, the mutual company is, by operation of law, a member of the federation as soon as the latter is constituted.
2018, c. 23, s. 3.
In force: 2019-06-13
404. A federation may give an undertaking to the promoters of a mutual company, before its constitution, to admit the mutual company as a member.
Despite section 403, the mutual company is, by operation of law, a member of the federation as soon as the latter is constituted.
2018, c. 23, s. 3.
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