A-32 - Act respecting insurance

Section 275.2 Disposition versions

1991-07-01

275.2. No insurer may declare dividends or interest, as the case may be, or distribute its yearly surpluses if a payment made for that purpose causes its assets to cease to meet the requirements of section 275.

1979, c. 33, s. 22; 1984, c. 22, s. 60; 1985, c. 17, s. 34; 1990, c. 86, s. 37.

1985-09-11

275.2. No insurer transacting damage insurance may declare dividends or interest, as the case may be, or distribute its yearly surpluses if a payment made for that purpose causes its assets to cease to meet the requirements of section 275.

1979, c. 33, s. 22; 1984, c. 22, s. 60; 1985, c. 17, s. 34.

1984-06-20

275.2. No insurer, other than a mutual association, transacting damage insurance may declare dividends if payment thereof causes its assets to cease to meet the requirements of section 275.

1979, c. 33, s. 22; 1984, c. 22, s. 60.

1979-06-22

275.2. No insurer, other than mutual association, transacting damage insurance may make a declaration of dividends for an amount exceeding 75 per cent of its average yearly profits in respect of the three years preceding the year in which a dividend is declared.

1979, c. 33, s. 22.