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A-32 - Act respecting insurance

Section 57
Disposition versions

Full text
57. Insurance representatives and claims adjusters dealing as such with an insurance company and directors or officers of a legal person dealing as such with an insurance company are ineligible to the office of director of such company.
Natural persons to whom or in favour of whom shares have been allotted or a registration of transfer has been made without obtaining the authorization provided for in section 43, and directors or officials of a legal person which is in the same situation, and natural persons bound by an agreement without obtaining the authorization provided for in section 50.1, and directors or officials of a legal person which is bound in this way, are also ineligible. Ineligibility lasts as long as the sanctions provided for in sections 43, 50.1 and 50.4 remain applicable.
1974, c. 70, s. 57; 1990, c. 86, s. 6; 1989, c. 48, s. 227; 1996, c. 63, s. 80; 1998, c. 37, s. 499; 2002, c. 70, s. 34.
57. Insurance representatives and claims adjusters dealing as such with an insurance company and directors or officers of a legal person dealing as such with an insurance company are ineligible to the office of director of such company.
Natural persons to whom or in favour of whom shares have been allotted or a registration of transfer has been made without obtaining the authorization provided for in section 43 or 44, and directors or officials of a legal person which is in the same situation, and natural persons bound by an agreement without obtaining the authorization provided for in section 50.1, and directors or officials of a legal person which is bound in this way, are also ineligible. Ineligibility lasts as long as the sanctions provided for in sections 43, 44, 50.1 and 50.4 remain applicable.
1974, c. 70, s. 57; 1990, c. 86, s. 6; 1989, c. 48, s. 227; 1996, c. 63, s. 80; 1998, c. 37, s. 499.
57. Market intermediaries in insurance business dealing as such with an insurance company and directors or officers of a legal person dealing as such with an insurance company are ineligible to the office of director of such company.
Natural persons to whom or in favour of whom shares have been allotted or a registration of transfer has been made without obtaining the authorization provided for in section 43 or 44, and directors or officials of a legal person which is in the same situation, and natural persons bound by an agreement without obtaining the authorization provided for in section 50.1, and directors or officials of a legal person which is bound in this way, are also ineligible. Ineligibility lasts as long as the sanctions provided for in sections 43, 44, 50.1 and 50.4 remain applicable.
1974, c. 70, s. 57; 1990, c. 86, s. 6; 1989, c. 48, s. 227; 1996, c. 63, s. 80.
57. Market intermediaries in insurance business dealing as such with an insurance company and directors or officers of a corporation dealing as such with an insurance company are ineligible to the office of director of such company.
Natural persons to whom or in favour of whom shares have been allotted or a registration of transfer has been made without obtaining the authorization provided for in section 43 or 44, and directors or officials of a corporation which is in the same situation, and natural persons bound by an agreement without obtaining the authorization provided for in section 50.1, and directors or officials of a corporation which is bound in this way, are also ineligible. Ineligibility lasts as long as the sanctions provided for in sections 43, 44, 50.1 and 50.4 remain applicable.
1974, c. 70, s. 57; 1990, c. 86, s. 6; 1989, c. 48, s. 227.
57. Insurance agents or claims adjusters dealing as such with an insurance company and directors or officers of a corporation dealing as such with an insurance company are ineligible to the office of director of such company.
Natural persons to whom or in favour of whom shares have been allotted or a registration of transfer has been made without obtaining the authorization provided for in section 43 or 44, and directors or officials of a corporation which is in the same situation, and natural persons bound by an agreement without obtaining the authorization provided for in section 50.1, and directors or officials of a corporation which is bound in this way, are also ineligible. Ineligibility lasts as long as the sanctions provided for in sections 43, 44, 50.1 and 50.4 remain applicable.
1974, c. 70, s. 57; 1990, c. 86, s. 6.
57. Insurance agents or claims adjusters dealing as such with an insurance company and directors of a corporation dealing as such with an insurance company are ineligible to the office of director of such company.
Natural persons to whom or in favour of whom shares have been allotted or a registration of transfer has been made without obtaining the authorization provided for in section 43 or 44, and directors or officials of a corporation which is in the same situation, and natural persons bound by an agreement without obtaining the authorization provided for in section 50.1, and directors or officials of a corporation which is bound in this way, are also ineligible. Ineligibility lasts as long as the sanctions provided for in sections 43, 44, 50.1 and 50.4 remain applicable.
1974, c. 70, s. 57; 1990, c. 86, s. 6.
57. Insurance agents or claims adjusters dealing as such with an insurance company and directors of a corporation dealing as such with an insurance company are ineligible to the office of director of such company.
1974, c. 70, s. 57.
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