A-32 - Act respecting insurance

Full text
146. (Repealed).
1974, c. 70, s. 146; 1979, c. 33, s. 5; 1985, c. 17, s. 20.
146. Mutual fire insurance associations may insure against fire, lightning, wind and other property insurance risks, the private houses, stores, shops and other buildings, household furnishings, merchandise, livestock, farm produce and other objects found within the boundaries of the county for which the association is incorporated or in any adjacent local municipality situated in a county for which there is no mutual fire insurance association or, subject to section 148, within the boundaries of any city or town geographically located within the boundaries of such county; however, the mutual fire insurance companies in counties which on the day of the coming into force of this act are authorized to insure throughout the Québec may continue to do so.
Mutual fire insurance associations may also, and in accordance with this section, transact automobile insurance, hail insurance, guarantee insurance and liability insurance.
However, when a mutual fire insurance association insures mercantile or industrial risks situated in its territory, it must furnish the additional deposit prescribed in the second paragraph of section 228.
Modifications to the territorial boundaries of county municipalities shall not have for effect to invalidate the insurance previously underwritten by an association or prevent its renewal.
1974, c. 70, s. 146; 1979, c. 33, s. 5.
146. Mutual fire insurance associations may insure against fire, lightning, wind and other farm risks, the private houses, stores, shops and other buildings, household furnishings, merchandise, livestock, farm produce and other objects found within the boundaries of the county for which the association is incorporated or in any adjacent local municipality situated in a county for which there is no mutual fire insurance association or, subject to section 148, within the boundaries of any city or town geographically located within the boundaries of such county; however, the mutual fire insurance companies in counties which on 20 October 1976 are authorized to insure throughout Québec may continue to do so.
However, when a mutual fire insurance association insures mercantile or industrial risks situated in its territory, it must furnish the additional deposit prescribed in the second paragraph of section 228.
Modifications to the territorial boundaries of county municipalities shall not have for effect to invalidate the insurance previously underwritten by an association or prevent its renewal.
1974, c. 70, s. 146.