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A-32 - Act respecting insurance

Section 242
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Full text
242. (Repealed).
1974, c. 70, s. 242; 1982, c. 52, s. 80; 2002, c. 70, s. 97.
242. The Minister of Finance may, on the recommendation of the Inspector General, and when the interest of the insured requires it, use all or part of an insurer’s deposit to reinsure its insurance contracts, provided that the insurer can meet the obligations contracted by it towards its insured and not assumed by the reinsurer.
1974, c. 70, s. 242; 1982, c. 52, s. 80.
242. The Minister of Finance may, on the recommendation of the Superintendent, and when the interest of the insured requires it, use all or part of an insurer’s deposit to reinsure its insurance contracts, provided that the insurer can meet the obligations contracted by it towards its insured and not assumed by the reinsurer.
1974, c. 70, s. 242.
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