C-73.2 - Real Estate Brokerage Act

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52. If the Autorité des marchés financiers grants an authorization to the Organization in accordance with section 41 of the Insurers Act (chapter A-32.1), the Organization may establish an insurance fund and administer it in accordance with that Act and require licence holders to subscribe to it.
The Organization determines, by resolution, the tariff of rates and amounts of the premiums broker’s or agency licence holders must pay.
2008, c. 9, s. 52; 2010, c. 40, s. 19; 2018, c. 232018, c. 23, s. 442.
52. The Organization may establish an insurance fund made up of premiums and the income they generate, and require licence holders to subscribe to it.
The Organization determines, by resolution, the premium a broker or an agency must pay according to any criteria determined by regulation of the Organization.
The provisions of the Act respecting insurance (chapter A-32) that apply to professional orders and insurance funds established under the Professional Code (chapter C-26) apply, with the necessary modifications, to the Organization and to an insurance fund established by it.
If it establishes an insurance fund, the Organization is an insurer within the meaning of the Act respecting insurance.
2008, c. 9, s. 52; 2010, c. 40, s. 19.
See special transitional provisions, S.Q. 2018, c. 23, s. 486.
52. The Organization may establish an insurance fund made up of premiums and the income they generate, and require licence holders to subscribe to it.
The Organization determines, by resolution, the premium a broker or an agency must pay according to any criteria determined by regulation of the Organization.
The provisions of the Act respecting insurance (chapter A-32) that apply to professional orders and insurance funds established under the Professional Code (chapter C-26) apply, with the necessary modifications, to the Organization and to an insurance fund established by it.
If it establishes an insurance fund, the Organization is an insurer within the meaning of the Act respecting insurance.
2008, c. 9, s. 52; 2010, c. 40, s. 19.
52. The Organization may establish an insurance fund and require licence holders to subscribe to it.
The Organization determines, by resolution, the premium a broker or an agency must pay according to any criteria determined by regulation of the Organization.
Sections 174.1 to 174.11 and 174.13 to 174.18 of the Act respecting insurance (chapter A-32) apply, with the necessary modifications, to the insurance fund established by the Organization.
If it establishes an insurance fund, the Organization is an insurer within the meaning of the Act respecting insurance.
2008, c. 9, s. 52.