I-15.1 - Act respecting market intermediaries

Section 1 Disposition versions

1991-09-01

1. In this Act, unless the context indicates otherwise,

“claims adjuster” means a person who, in damage insurance, investigates insured losses, appraises damages and negotiates the settlement of claims;

“firm” means a partnership or a legal person which carries on, through market intermediaries in insurance business or through financial planners, activities in such capacity;

“insurance agent” means a person who, in insurance of persons or in damage insurance, offers insurance products directly to the public on behalf of one insurer, or a person who is bound to one insurer by exclusive contract;

“insurance broker” means a person who, in insurance of persons or in damage insurance, offers the insurance products of two or more insurers, directly to the public or to other market intermediaries in insurance business, and who is not bound by exclusive contract to any of such insurers;

“insurer” means an insurer within the meaning of section 1 of the Act respecting insurance (chapter S-32);

“market intermediary” means a market intermediary in insurance business, a financial planner and a securities dealer or adviser within the meaning of the Securities Act (chapter V-1.1) or the representative of such a dealer or adviser;

“market intermediary in damage insurance” means an insurance agent or broker in damage insurance or a claims adjuster;

“market intermediary in insurance business” means a market intermediary in damage insurance or in insurance of persons;

“market intermediary in insurance of persons” means an insurance agent or broker in insurance of persons;

“special broker” means a damage insurance broker authorized to offer and sell the products of an insurer not licensed in Québec who does not maintain an establishment in Québec.

1989, c. 48, s. 1.

1991-05-01

1. In this Act, unless the context indicates otherwise,

In force: 1991-09-01

“claims adjuster” means a person who, in damage insurance, investigates insured losses, appraises damages and negotiates the settlement of claims;

In force: 1991-09-01

“firm” means a partnership or a legal person which carries on, through market intermediaries in insurance business or through financial planners, activities in such capacity;

In force: 1991-09-01

“insurance agent” means a person who, in insurance of persons or in damage insurance, offers insurance products directly to the public on behalf of one insurer, or a person who is bound to one insurer by exclusive contract;

In force: 1991-09-01

“insurance broker” means a person who, in insurance of persons or in damage insurance, offers the insurance products of two or more insurers, directly to the public or to other market intermediaries in insurance business, and who is not bound by exclusive contract to any of such insurers;

In force: 1991-09-01

“insurer” means an insurer within the meaning of section 1 of the Act respecting insurance (chapter S-32);

In force: 1991-09-01

“market intermediary” means a market intermediary in insurance business, a financial planner and a securities dealer or adviser within the meaning of the Securities Act (chapter V-1.1) or the representative of such a dealer or adviser;

“market intermediary in damage insurance” means an insurance agent or broker in damage insurance or a claims adjuster;

“market intermediary in insurance business” means a market intermediary in damage insurance or in insurance of persons;

“market intermediary in insurance of persons” means an insurance agent or broker in insurance of persons;

In force: 1991-09-01

“special broker” means a damage insurance broker authorized to offer and sell the products of an insurer not licensed in Québec who does not maintain an establishment in Québec.

1989, c. 48, s. 1.