A-32 - Act respecting insurance

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87. The members of a company to which this division applies are the persons who own insurance contracts it has made.
Only the following are deemed owners:
(a)  in a contract designating several insured, the insured first named;
(b)  in a group contract, the policyholder and the participants if so stipulated in the contract.
1974, c. 70, s. 87.