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A-32 - Act respecting insurance

Section 220
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220. The Authority may, at the request of any legal person holding a licence other than a professional order, modify the licence to extend its authorized activities to other classes of insurance.
The Authority may, at the request of a professional order that holds a licence authorizing it to insure its members in respect of professional liability, modify the licence to extend its authorized activities to insuring members against misappropriations of funds required to be deposited in trust committed without complicity on the part of the insured and to insuring the legal costs resulting from such misappropriations.
The professional liability insurance fund established by a professional order covers all risks that the professional order is authorized to insure under its licence.
1974, c. 70, s. 220; 1982, c. 52, s. 80; 1987, c. 54, s. 7; 1994, c. 40, s. 457; 1996, c. 63, s. 80; 2002, c. 70, s. 93; 2003, c. 1, s. 12; 2002, c. 45, s. 243; 2004, c. 37, s. 90.
220. The Agency may, at the request of any legal person holding a licence other than a professional order, modify the licence to extend its authorized activities to other classes of insurance.
The Agency may, at the request of a professional order that holds a licence authorizing it to insure its members in respect of professional liability, modify the licence to extend its authorized activities to insuring members against misappropriations of funds required to be deposited in trust committed without complicity on the part of the insured and to insuring the legal costs resulting from such misappropriations.
The professional liability insurance fund established by a professional order covers all risks that the professional order is authorized to insure under its licence.
1974, c. 70, s. 220; 1982, c. 52, s. 80; 1987, c. 54, s. 7; 1994, c. 40, s. 457; 1996, c. 63, s. 80; 2002, c. 70, s. 93; 2003, c. 1, s. 12; 2002, c. 45, s. 243.
220. The Agency may, at the request of any legal person holding a licence other than a professional order, modify the licence to extend its authorized activities to other classes of insurance.
The Agency may, at the request of a professional order that holds a licence authorizing it to insure its members in respect of professional liability, modify the licence to extend its authorized activities to insuring members against misappropriations of funds required to be deposited in trust committed without complicity on the part of the insured and to insuring the legal costs resulting from such misappropriations.
The professional liability insurance fund established by a professional order covers all risks that the professional order is authorized to insure under its licence.
1974, c. 70, s. 220; 1982, c. 52, s. 80; 1987, c. 54, s. 7; 1994, c. 40, s. 457; 1996, c. 63, s. 80; 2002, c. 70, s. 93; 2003, c. 1, s. 12.
For the purposes of this section, “Agency” means the “Inspector General of Financial Institutions” until the date of coming into force of section 7 of the Act respecting the Agence nationale d’encadrement du secteur financier (chapter A-7.03). (2003, c. 1, s. 17).
220. Subject to section 203, the Inspector General may, at the request of any legal person holding a licence other than a professional order, amend such licence to include other classes of insurance in the business that such legal person is authorized to transact.
1974, c. 70, s. 220; 1982, c. 52, s. 80; 1987, c. 54, s. 7; 1994, c. 40, s. 457; 1996, c. 63, s. 80; 2002, c. 70, s. 93.
220. Subject to section 203, the Inspector General may, at the request of any legal person holding a licence other than a professional order, amend such licence to include other classes of insurance in the business that such legal person is authorized to transact.
In such case, the formalities to be followed are those for the issue of a licence, with the necessary modifications.
1974, c. 70, s. 220; 1982, c. 52, s. 80; 1987, c. 54, s. 7; 1994, c. 40, s. 457; 1996, c. 63, s. 80.
220. Subject to section 203, the Inspector General may, at the request of any corporation holding a licence other than a professional order, amend such licence to include other classes of insurance in the business that such corporation is authorized to transact.
In such case, the formalities to be followed are those for the issue of a licence, mutatis mutandis.
1974, c. 70, s. 220; 1982, c. 52, s. 80; 1987, c. 54, s. 7; 1994, c. 40, s. 457.
220. Subject to section 203, the Inspector General may, at the request of any corporation holding a licence other than a professional corporation, amend such licence to include other classes of insurance in the business that such corporation is authorized to transact.
In such case, the formalities to be followed are those for the issue of a licence, mutatis mutandis.
1974, c. 70, s. 220; 1982, c. 52, s. 80; 1987, c. 54, s. 7.
220. Subject to section 203, the Inspector General may, at the request of any corporation holding a licence, amend such licence to include other classes of insurance in the business that such corporation is authorized to transact.
In such case, the formalities to be followed are those for the issue of a licence, mutatis mutandis.
1974, c. 70, s. 220; 1982, c. 52, s. 80.
220. Subject to section 203, the Superintendent may, at the request of any corporation holding a licence, amend such licence to include other classes of insurance in the business that such corporation is authorized to transact.
In such case, the formalities to be followed are those for the issue of a licence, mutatis mutandis.
1974, c. 70, s. 220.
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