D-9.2 - Act respecting the distribution of financial products and services

Full text
198. (Repealed).
1998, c. 37, s. 198; 2002, c. 45, s. 394; 2004, c. 37, s. 59; 2018, c. 232018, c. 23, s. 556.
198. The Authority may establish an insurance fund and require firms, representatives acting for firms without being employees, independent representatives or independent partnerships to subscribe to it.
The Authority shall fix, by regulation, the premium to be paid by each firm, independent representative or independent partnership on the basis of the number of representatives involved, the risk presented by each sector or class of sectors, the fact that a trust fund is or is not maintained and any other criteria determined in the regulation.
The Authority shall determine by regulation those required to subscribe to the insurance fund, on the basis of any criteria set out in the regulation.
Sections 174.13 to 174.16 of the Act respecting insurance (chapter A‐32), adapted as required, apply to any insurance fund established by the Authority.
1998, c. 37, s. 198; 2002, c. 45, s. 394; 2004, c. 37, s. 59.
198. The Agency may establish an insurance fund and require firms, representatives acting for firms without being employees, independent representatives and independent partnerships to subscribe to it.
The Agency shall fix, by regulation, the premium to be paid by each firm, independent representative or independent partnership on the basis of the number of representatives involved, the risk presented by each sector or class of sectors, the fact that a trust fund is or is not maintained and any other criteria determined in the regulation.
Sections 174.13 to 174.16 of the Act respecting insurance (chapter A‐32), adapted as required, apply to any insurance fund established by the Agency.
1998, c. 37, s. 198; 2002, c. 45, s. 394.
198. The Bureau may establish an insurance fund and require firms, representatives acting for firms without being employees, independent representatives and independent partnerships to subscribe to it.
The Bureau shall fix, by regulation, the premium to be paid by each firm, independent representative or independent partnership on the basis of the number of representatives involved, the risk presented by each sector or class of sectors, the fact that a trust fund is or is not maintained and any other criteria determined in the regulation.
The regulation shall be submitted to the Government for approval with or without amendment.
Sections 174.1 to 174.11 and 174.13 to 174.18 of the Act respecting insurance (chapter A‐32), adapted as required, apply to any insurance fund established by the Bureau.
The Bureau is, in such a case, an insurer within the meaning of the Act respecting insurance.
1998, c. 37, s. 198.