142. Independent representatives registered for an insurance sector and independent partnerships acting through an insurance representative may, notwithstanding section 23 of the Deposit Institutions and Deposit Protection Act (chapter I-13.2.2), receive deposits on behalf of a deposit institution authorized under that Act or a member bank of the Canada Deposit Insurance Corporation. No such representative may, however, receive a deposit of money.
Such deposits must be deposited with the deposit institution or bank on whose behalf the representative acts.
1998, c. 37, s. 142; 2018, c. 23, s. 54611a2018, c. 23, s. 54611b2018, c. 23, s. 54612.