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

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83. A firm must, while registered, maintain liability insurance that is consistent with the requirements determined by regulation. The firm must also ensure that every representative acting on its behalf without being an employee carries liability insurance that is consistent with the requirements determined by regulation.
1998, c. 37, s. 83; 2002, c. 45, s. 360; 2004, c. 37, s. 90; 2009, c. 25, s. 64; 2009, c. 58, s. 54; 2018, c. 232018, c. 23, s. 530.
83. A firm must, while registered, maintain liability insurance that is consistent with the requirements determined by regulation or, if an insurance fund has been established, pay the insurance premium fixed by the Authority. The firm must also ensure that every representative acting on its behalf without being an employee carries liability insurance that is consistent with the requirements determined by regulation or, if an insurance fund has been established, has paid the insurance premium fixed by the Authority.
1998, c. 37, s. 83; 2002, c. 45, s. 360; 2004, c. 37, s. 90; 2009, c. 25, s. 64; 2009, c. 58, s. 54.
83. A firm must, while registered, maintain liability insurance that is consistent with the requirements determined by regulation or, if an insurance fund has been established, pay the insurance premium fixed by the Authority. The firm must also ensure that every representative acting on its behalf without being an employee carries liability insurance that is consistent with the requirements determined by regulation or, if an insurance fund has been established, has paid the insurance premium fixed by the Authority.
Despite sections 115, 117, 119, 121, 122 and 124, the Authority shall suspend or, if the offence is not a first offence, may cancel the registration of a firm if the firm ceases to maintain such insurance or fails to pay the set premium.
It may also suspend or, if the offence is not a first offence, cancel the registration of a firm if a representative of the firm, other than an employee, is not covered by liability insurance or has failed to pay the set premium.
1998, c. 37, s. 83; 2002, c. 45, s. 360; 2004, c. 37, s. 90; 2009, c. 25, s. 64.
83. A firm must, while registered, maintain liability insurance that is consistent with the requirements determined by regulation or, if an insurance fund has been established, pay the insurance premium fixed by the Authority. The firm must also ensure that every representative acting on its behalf without being an employee carries liability insurance that is consistent with the requirements determined by regulation or, if an insurance fund has been established, has paid the insurance premium fixed by the Authority.
Notwithstanding sections 115, 117, 119, 121, 122 and 124, the Authority shall suspend or, if the offence is not a first offence, may cancel the registration of a firm that fails to maintain liability insurance or to pay the premium fixed, or that acts through a representative who is not an employee and has no liability insurance or has not paid the premium fixed by the Authority.
1998, c. 37, s. 83; 2002, c. 45, s. 360; 2004, c. 37, s. 90.
83. A firm must, while registered, maintain liability insurance that is consistent with the requirements determined by regulation or, if an insurance fund has been established, pay the insurance premium fixed by the Agency. The firm must also ensure that every representative acting on its behalf without being an employee carries liability insurance that is consistent with the requirements determined by regulation or, if an insurance fund has been established, has paid the insurance premium fixed by the Agency.
Notwithstanding sections 115, 117, 119, 121, 122 and 124, the Agency shall suspend or, if the offence is not a first offence, may cancel the registration of a firm that fails to maintain liability insurance or to pay the premium fixed, or that acts through a representative who is not an employee and has no liability insurance or has not paid the premium fixed by the Agency.
1998, c. 37, s. 83; 2002, c. 45, s. 360.
83. A firm must, while registered, maintain liability insurance that is consistent with the requirements determined by regulation or, if an insurance fund has been established, pay the insurance premium fixed by the Bureau. The firm must also ensure that every representative acting on its behalf without being an employee carries liability insurance that is consistent with the requirements determined by regulation or, if an insurance fund has been established, has paid the insurance premium fixed by the Bureau.
Notwithstanding sections 115 to 125, the Bureau shall suspend or, if the offence is not a first offence, may cancel the registration of a firm that fails to maintain liability insurance or to pay the premium fixed, or that acts through a representative who is not an employee and has no liability insurance or has not paid the premium fixed by the Bureau.
1998, c. 37, s. 83.