A-32 - Act respecting insurance

Section 330 Disposition versions

1991-09-01

330. (Repealed).

1974, c. 70, s. 330; 1989, c. 48, s. 236.

1977-12-31

330. Any corporation may obtain a certificate if all the persons through whom it carries on the occupation of insurance agent are themselves holders of a certificate under section 327 of this act or members of the Insurance Brokers’ Association of the Province of Québec.

In such a case, the certificate must exhibit the names of the above mentioned persons and indicate the classes and categories of insurance they are authorized to transact as agents.

Every corporation of brokers must state in its advertisements and documents, in the cases and in accordance with the standards and rules established by regulation, the identity of the real owners of the majority of its voting shares.

1974, c. 70, s. 330.

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From 1 October 1989 to the date of the coming into force of sections 7 and 9 of the Act respecting market intermediaries (chapter I-15.1), the first and second paragraphs of section 330 of this Act shall, in respect of market intermediaries in insurance of persons, be read as follows:

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“Any corporation that applies to become a member of the Association des intermédiaires en assurance de personnes du Québec shall be entitled to be admitted thereto where, in addition to the requirements prescribed in section 327, the following condition is fulfilled: all the persons through whom it carries on the occupation of insurance agent are themselves members of that Association.”.

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O.C. 1522-89 of 89.09.20, (1989) 121 G.O. 2, 3825.

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