A-32 - Act respecting insurance

Section 363 Disposition versions

2003-02-12

363. The licence of an insurer is suspended by operation of law if its powers as a legal person are suspended.

1974, c. 70, s. 363; 1982, c. 52, s. 80; 1984, c. 22, s. 75; 1996, c. 63, s. 80; 2002, c. 70, s. 143.

1996-12-23

363. The licence of an insurer is suspended by operation of law:

(a)  (paragraph repealed);

(b)  if a motion is presented by the Inspector General to the Superior Court, in accordance with section 239, to obtain seizure of the deposit of that insurer;

(c)  if its powers as a legal person are suspended.

1974, c. 70, s. 363; 1982, c. 52, s. 80; 1984, c. 22, s. 75; 1996, c. 63, s. 80.

1984-06-20

363. The licence of an insurer is suspended by operation of law:

(a)  (paragraph repealed);

(b)  if a motion is presented by the Inspector General to the Superior Court, in accordance with section 239, to obtain seizure of the deposit of that insurer;

(c)  if its powers as a corporation are suspended.

1974, c. 70, s. 363; 1982, c. 52, s. 80; 1984, c. 22, s. 75.

1983-04-01

363. The licence of an insurer is suspended by operation of law:

(a)  if its capital stock becomes less than that stipulated in section 51;

(b)  if a motion is presented by the Inspector General to the Superior Court, in accordance with section 239, to obtain seizure of the deposit of that insurer;

(c)  if its powers as a corporation are suspended.

1974, c. 70, s. 363; 1982, c. 52, s. 80.

1977-12-31

363. The licence of an insurer is suspended by operation of law:

(a)  if its capital stock becomes less than that stipulated in section 51;

(b)  if a motion is presented by the Superintendent to the Superior Court, in accordance with section 239, to obtain seizure of the deposit of that insurer;

(c)  if its powers as a corporation are suspended.

1974, c. 70, s. 363.