86.1. The Bureau may, by resolution, set up a professional liability insurance fund and administer it in accordance with the Act respecting insurance (chapter A-32).
The resolution is effective only if the Minister of Finance authorizes the professional order to act as insurer in accordance with section 174.5 of the Act respecting insurance.
Where so prescribed by resolution of the Bureau, claims based on the professional liability of former members of the order by reason of professional fault or negligence committed while they were members of the order must be satisfied out of the fund’s equity and according to the limits and the terms and conditions set out in the resolution.
Nothing in this Code shall prevent a professional order from setting up, acquiring or managing an insurance company to insure its members in respect of professional liability and, where applicable, other risks referred to in the second paragraph of section 220 of the Act respecting insurance, or the liability of a partnership or company which may arise from fault or negligence on the part of members authorized to carry on their professional activities within the partnership or company in accordance with section 187.11.
Notwithstanding section 96, the administrative committee is not authorized to exercise the powers provided for in the first and third paragraphs.
1987, c. 54, s. 34; 1990, c. 52, s. 1; 1994, c. 40, s. 74; 2001, c. 34, s. 4; 2003, c. 1, s. 15.