38. Damage insurance brokers who offer insurance products directly to the public must, each time they offer an insurance product belonging to a class determined by regulation of the Authority to a client who is a natural person, be able to obtain quotes from at least three insurers who do not belong to the same financial group, within the meaning assigned to that expression by section 147.
Such brokers must keep the information allowing them to prove that they made every effort to comply with the first paragraph and must update such information regularly.
The regulation made for the purposes of this section may only pertain to damage insurance products intended to meet personal, family or household insurance needs.
1998, c. 37, s. 38; 2018, c. 23, s. 5171.