A-32 - Act respecting insurance

Section 93.219 Disposition versions

1999-10-22

93.219. The mutual insurance associations that are the founders of a federation shall apply for the constitution of a guarantee fund having the following objects:

(1)  establishing and managing a guarantee fund, a cash reserve fund, or a mutual aid fund for the benefit of its members;

(2)  providing financial assistance with regard to losses sustained by the members of a mutual insurance association that is a member of the guarantee fund, on the winding-up or dissolution of the association.

1985, c. 17, s. 6; 1996, c. 63, s. 82; 1999, c. 40, s. 33.

1996-12-23

93.219. The mutual insurance associations that are the founders of a federation shall apply for the incorporation of a guarantee fund having the following objects:

(1)  establishing and managing a guarantee fund, a cash reserve fund, or a mutual aid fund for the benefit of its members;

(2)  providing financial assistance with regard to losses sustained by the members of a mutual insurance association that is a member of the guarantee fund, on the winding-up or dissolution of the association.

1985, c. 17, s. 6; 1996, c. 63, s. 82.

1985-09-11

93.219. The mutual insurance associations that are the founders of a federation shall apply for the incorporation of a guarantee fund corporation having the following objects:

(1)  establishing and managing a guarantee fund, a cash reserve fund, or a mutual aid fund for the benefit of its members;

(2)  providing financial assistance with regard to losses sustained by the members of a mutual insurance association that is a member of the guarantee fund corporation, on the winding-up or dissolution of the association.

1985, c. 17, s. 6.