C-39 - Act respecting certain mutual companies of insurance against fire, lightning and wind

Section 1 Disposition versions

1977-12-31

1. The council of any rural municipality may, until 20 October 1976 make a by-law establishing a mutual insurance company in order to keep insured against accidents by fire, or fire and lightning, or fire, lightning and wind, any building erected upon taxable land within the municipality, any farm livestock, as well as any grain, hay, fodder, household furniture and agricultural implements contained in such buildings.

A mutual insurance company so established by the council of a rural municipality shall, like other companies, be subject to the formalities of a license and of registration.

R. S. 1964, c. 295, s. 40; 1974, c. 70, s. 431.