Consolidated Statutes and Regulations Consolidated Statutes Consolidated Regulations Annual Statutes and Regulations Annual Statutes Annual Regulations Additional information Québec Official Publisher What’s new? Information note Policy of the Minister of Justice Laws: Amendments Laws: Provisions not in force Laws: Provisions brought into force Annual Statutes: PDF versions since 1996 Regulations: Amendments Annual Regulations: PDF versions since 1996 Court Decisions

A-32 - Act respecting insurance

Section 285.24
Disposition versions

Full text
285.24. Every service contract between an insurer and a restricted party must be made on favourable terms for the insurer, or at least on competitive terms.
Every such contract must also be approved by the board of directors of the insurer, which shall obtain the opinion of the ethics committee, except where the amounts involved are minimal.
In cases of contestation, the onus is on the insurer to show that the service contract to which it is a party meets the prescribed requirements.
1990, c. 86, s. 39; 2002, c. 70, s. 118.
285.24. No insurer may grant a loan to a restricted party or an associate of any of its directors or officers on more favourable terms than those applicable in the ordinary course of its operations, except where that party or associate is one of its employees.
1990, c. 86, s. 39.
© Gouvernement du Québec