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A-32 - Act respecting insurance

Section 401
Disposition versions

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401. In the case of a legal person that transacted fire insurance, the insured, if there has been no reinsurance, is entitled, in addition to the rights he acquired before the date of the winding-up according to the conditions of any insurance policy, to a refund of every premium or part of premium paid for a risk which has disappeared from the date on which, according to section 395, the legal person ceased to transact insurance.
1974, c. 70, s. 401; 1996, c. 63, s. 80.
401. In the case of a corporation that transacted fire insurance, the insured, if there has been no reinsurance, is entitled, in addition to the rights he acquired before the date of the winding-up according to the conditions of any insurance policy, to a refund of every premium or part of premium paid for a risk which has disappeared from the date on which, according to section 395, the corporation ceased to transact insurance.
1974, c. 70, s. 401.
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