95. Notwithstanding section 23 of the Deposit Institutions and Deposit Protection Act (chapter I-13.2.2), a firm may, through an insurance representative, collect deposits for a deposit institution authorized under that Act or a member bank of the Canada Deposit Insurance Corporation. No cash deposit may be received by such a representative.
All deposits so collected must be deposited with the deposit institution or bank for which the firm is acting.
1998, c. 37, s. 95; 2009, c. 25, s. 65; 2018, c. 23, s. 53311a2018, c. 23, s. 53311b2018, c. 23, s. 53312.