A-32 - Act respecting insurance

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280. Every insurer constituted under the laws of Québec, transacting life insurance and contracting liabilities that vary according to the market value of a specified group of assets must maintain these assets in one or more groups which are separate from its other property; it must use these assets only to meet those liabilities, until they have been fully discharged.
1974, c. 70, s. 280; 1999, c. 40, s. 33.
280. Every insurer incorporated under the laws of Québec, transacting life insurance and contracting liabilities that vary according to the market value of a specified group of assets must maintain these assets in one or more groups which are separate from its other property; it must use these assets only to meet those liabilities, until they have been fully discharged.
1974, c. 70, s. 280.