A-32 - Act respecting insurance

Section 258 Disposition versions

1984-06-20

258. (Repealed).

1974, c. 70, s. 258; 1979, c. 33, s. 17; 1982, c. 26, s. 288; 1984, c. 22, s. 51.

1983-12-21

258. No insurer may invest in shares, bonds or other securities of a corporation which fails to pay the prescribed dividends on its shares or the interest on its bonds or other securities, nor make a loan to it.

Furthermore, no insurer may invest in shares, preferred shares, bonds or other securities of a cooperative which fails to obtain the prescribed yield on its shares or preferred shares; nor may it make a loan to it.

1974, c. 70, s. 258; 1979, c. 33, s. 17; 1982, c. 26, s. 288.

1979-06-22

258. No insurer may invest in shares, bonds or other securities of a corporation or a cooperative agricultural association which fails to pay the prescribed dividends on its shares or the interest on its bonds or other securities, nor make a loan to it.

Furthermore, no insurer may invest in shares, preferred shares, bonds or other securities of a cooperative association which fails to obtain the prescribed yield on its shares or preferred shares; nor may it make a loan to it.

1974, c. 70, s. 258; 1979, c. 33, s. 17.

1977-12-31

258. No insurer shall invest in shares or bonds of a corporation or a cooperative agricultural association which fails to pay the prescribed dividends on its shares or the interest on its bonds, nor make a loan to it.

Furthermore, no insurer shall invest in shares, preferred shares or bonds of a cooperative association which fails to obtain the prescribed yield on its shares or preferred shares; nor may it make a loan to it.

1974, c. 70, s. 258.