417. The insurer may, before the expiry of the time for making an amendment, notify the Authority of its decision to terminate the distribution of the insurance product concerned.
The insurer shall, without delay, inform its distributors of its decision and take the necessary steps to ensure that the distribution guides and the blank contract forms relating to the product are recovered.
The same applies in all cases where an insurer terminates the distribution of a product.
1998, c. 37, s. 417; 2002, c. 45, s. 499; 2004, c. 37, s. 90.