A-32 - Act respecting insurance

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93.147. The directors of a federation shall be elected from among the directors of member mutual insurance associations unless the internal management by-laws allow the election of paid members of the staff of the federation or of mutual insurance associations that are members thereof.
However, in no case may more than one-third of the board of directors be composed of employees of the federation and of the mutual insurance associations that are members of it, employees of the guarantee fund associated with the federation and of a legal person belonging to the same group as the federation.
In no case may an undischarged bankrupt, a minor, a person of full age under protective supervision or who has been totally or partially deprived of the right to exercise his civil rights by a court of another jurisdiction, act as a director of a federation.
1985, c. 17, s. 6; 1989, c. 54, s. 156; 1990, c. 86, s. 13; 1996, c. 63, s. 80, s. 82, s. 87.
93.147. The directors of a federation shall be elected from among the directors of member mutual insurance associations unless the internal management by-laws allow the election of paid members of the staff of the federation or of mutual insurance associations that are members thereof.
However, in no case may more than one-third of the board of directors be composed of employees of the federation and of the mutual insurance associations that are members of it, employees of the guarantee fund corporation associated with the federation and of a corporation belonging to the same group as the federation.
In no case may an undischarged bankrupt, a minor, a person of full age under tutorship or curatorship or who has been declared incapable by a court of another jurisdiction, act as a director of a federation.
1985, c. 17, s. 6; 1989, c. 54, s. 156; 1990, c. 86, s. 13.
93.147. The directors of a federation shall be elected from among the directors of member mutual insurance associations unless the internal management by-laws allow the election of paid members of the staff of the federation or of mutual insurance associations that are members thereof.
In no case, however, may the board of directors consist, for more than one-third, of paid members of the staff of the federation or of the mutual insurance associations that are members thereof.
In no case may an undischarged bankrupt, a minor, a person of full age under tutorship or curatorship or who has been declared incapable by a court of another jurisdiction, act as a director of a federation.
1985, c. 17, s. 6; 1989, c. 54, s. 156.
93.147. The directors of a federation shall be elected from among the directors of member mutual insurance associations unless the internal management by-laws allow the election of paid members of the staff of the federation or of mutual insurance associations that are members thereof.
In no case, however, may the board of directors consist, for more than one-third, of paid members of the staff of the federation or of the mutual insurance associations that are members thereof.
In no case may an undischarged bankrupt, a minor, an interdicted person or a person of unsound mind who has been declared incapable by a court, even a court of another jurisdiction, act as a director of a federation.
1985, c. 17, s. 6.