A-32 - Act respecting insurance

Section 420 Disposition versions

2016-01-01

420. In addition to the regulatory powers conferred upon it by this Act, the Government may make regulations consistent with this Act to:

(a)  determine the qualifications required of any person applying for a licence, the conditions that such person must comply with and the information he must furnish;

(b)  determine the categories of licences and the classes of holders of such licences and the conditions and restrictions attaching to each category and class;

(c)  determine the tenor of applications for licences and the tenor of such licences;

(d)  determine, for each class of licence or certificate holders, the nature and form of the books, accounts and registers they must keep in addition to those prescribed by this Act;

(e)  determine, for each class of licence or certificate holders, the nature and tenor of the statements they must furnish in addition to those prescribed by this Act, and the time when they must be filed;

(f)  (paragraph repealed);

(g)  determine the form of the inspection reports made for the Authority and the information they must contain;

(h)  determine the procedure to be followed and the notices to be given before the Authority suspends, cancels or, under section 358, modifies a licence;

(i)  oblige insurers who carry on business in Québec to furnish the Authority with information and statistics on their operations in Québec and to file the statements relating thereto and determine the nature of the information that must be so given and the tenor of the statements to be so filed;

(j)  determine the cases in which the expenses incurred by the Authority to inspect or cause to be inspected the business of an insurer shall be repaid by that insurer and the extent of these repayments;

(k)  establish a tariff of fees payable to the Authority for the filing and examination of an insurer’s application for constitution, amending statutes, amalgamation, conversion or continuance, the filing, examination and issue of various documents or the reinstatement of licences, and for inspections;

(l)  determine the methods to be followed for the valuation of the assets and liabilities of insurers or, where such is the case, of their insurance funds;

(m)  provide for the issue of a licence to trustees in bankruptcy, liquidators or heirs of deceased holders of licences or certificates, but only for the time necessary to allow the winding-up of the portfolio;

(n)  (paragraph repealed);

(o)  (paragraph repealed);

(p)  (paragraph repealed);

(q)  determine the conditions with which every funeral expenses insurance contract signed before 20 October 1976 must comply;

(r)  define the different classes of insurance and determine the cases and the conditions where they may be contained in a single policy;

(s)  establish the conditions applicable to group insurance contracts and their marketing, and to admission to a group of participants;

(t)  establish standards relating to the disclosure of the conditions of insurance contracts and to the presentation of the text, in particular, the printing type, and provide for the adoption by insurers of mandatory forms of insurance policies;

(u)  regulate the form of insurance policies and the minimum coverage that must be stipulated by each class of insurance policies indicated by it;

(v)  (paragraph repealed);

(w)  regulate reinsurance;

(x)  regulate the printing type and the colour of the ink to be used for the printing of clauses of exclusion or reduction of the liability of an insurer;

(y)  oblige the insurers who carry on business in Québec to furnish every year to the Authority a statement of the investments made by them in Québec, in Canada or elsewhere and for that purpose determine what constitutes an investment in Québec;

(z)  fix a maximum rate of interest exigible from the insured or participants on premiums due in group insurance of pension benefits;

(aa)  determine, for any legal person acting as insurer in Québec, as a condition for the issue of the licence contemplated in section 211, the reasonable proportion of its assets which must be invested in Québec having regard to the true value of its undertakings towards its insured in Québec;

(ab)  (paragraph repealed);

(ac)  prescribe the documents and information that must be furnished to the Minister and the Authority in relation to the constitution of an insurance company, the continuance of an insurance company governed by the Business Corporations Act (chapter S-31.1) or the constitution of a mutual insurance association or in relation to any amendment of their constituting acts;

(ad)  prescribe the modalities and conditions relating to issues of bonds or other evidences of indebtedness and to subordinated loans;

(ae)  prescribe the conditions that must be met by the subsidiary of an insurer under section 247.1;

(af)  prescribe the duties exigible for the constitution and for the amendment of the articles of a mutual insurance association, a federation of mutual insurance associations or a guarantee fund;

(ag)  (paragraph repealed);

(ah)  determine the investment that may be made out of the investment fund of a federation of mutual insurance associations, the intervals and mode of valuation of the fund and the financial disclosure requirements to participating members;

(ai)  prescribe any document that must accompany the articles of constitution or of amendment of a mutual insurance association, of a federation of mutual insurance associations or of a guarantee fund;

(aj)  (paragraph repealed);

(ak)  define, for the purposes of the Act, the notion of indirect holding;

(al)  (paragraph repealed);

(am)  determine the terms and conditions according to which an insurer may invest in subsidiaries or associations whose principal activity is the purchase, management, sale or leasing of immovables, or the making of loans and investments;

(an)  (paragraph repealed);

(ao)  determine the other persons that are restricted parties with respect to an insurer;

(ap)  determine standards respecting the use an insurer may make of information held by it on those it insures or on the customers of another financial institution whose products it offers for sale;

(aq)  prescribe standards governing arrangements between an insurer and a financial institution for the sale of the financial products of either, and conditions permitting such arrangements to be made;

(ar)  determine the public authorities to which paragraph 6 of section 93.22 applies;

(as)  determine the cases in which the name of a mutual association suggests that it is related to another person, partnership or group, for the application of paragraph 7 of section 93.22;

(at)  determine the criteria to be taken into account in the application of paragraphs 7 and 8 of section 93.22;

(au)  prescribe the fees payable for an application under section 93.25;

(av)  determine the policy that must be established by every insurer pursuant to section 285.29 or elements of such a policy.

1974, c. 70, s. 420; 1979, c. 33, s. 40; 1982, c. 52, s. 80; 1984, c. 22, s. 77; 1985, c. 17, s. 47; 1987, c. 54, s. 31; 1990, c. 86, s. 50; 1989, c. 48, s. 248; 1993, c. 48, s. 166; 1996, c. 63, s. 79, s. 80, s. 82; 1999, c. 40, s. 33; 2002, c. 45, s. 242; 2002, c. 70, s. 150; 2003, c. 1, s. 13; 2004, c. 37, s. 90; 2010, c. 7, s. 189; 2009, c. 52, s. 523; I.N. 2016-01-01 (NCCP).

2011-02-14

420. In addition to the regulatory powers conferred upon it by this Act, the Government may make regulations consistent with this Act to:

(a)  determine the qualifications required of any person applying for a licence, the conditions that such person must comply with and the information he must furnish;

(b)  determine the categories of licences and the classes of holders of such licences and the conditions and restrictions attaching to each category and class;

(c)  determine the tenor of applications for licences and the tenor of such licences;

(d)  determine, for each class of licence or certificate holders, the nature and form of the books, accounts and registers they must keep in addition to those prescribed by this Act;

(e)  determine, for each class of licence or certificate holders, the nature and tenor of the statements they must furnish in addition to those prescribed by this Act, and the time when they must be filed;

(f)  (paragraph repealed);

(g)  determine the form of the inspection reports made for the Authority and the information they must contain;

(h)  determine the procedure to be followed and the notices to be given before the Authority suspends, cancels or, under section 358, modifies a licence;

(i)  oblige insurers who carry on business in Québec to furnish the Authority with information and statistics on their operations in Québec and to file the statements relating thereto and determine the nature of the information that must be so given and the tenor of the statements to be so filed;

(j)  determine the cases in which the expenses incurred by the Authority to inspect or cause to be inspected the business of an insurer shall be repaid by that insurer and the extent of these repayments;

(k)  establish a tariff of fees payable to the Authority for the filing and examination of an insurer’s application for constitution, amending statutes, amalgamation, conversion or continuance, the filing, examination and issue of various documents or the reinstatement of licences, and for inspections;

(l)  determine the methods to be followed for the valuation of the assets and liabilities of insurers or, where such is the case, of their insurance funds;

(m)  provide for the issue of a licence to trustees in bankruptcy, liquidators or heirs of deceased holders of licences or certificates, but only for the time necessary to allow the winding-up of the portfolio;

(n)  (paragraph repealed);

(o)  (paragraph repealed);

(p)  (paragraph repealed);

(q)  determine the conditions with which every funeral expenses insurance contract signed before 20 October 1976 must comply;

(r)  define the different classes of insurance and determine the cases and the conditions where they may be contained in a single policy;

(s)  establish the conditions applicable to group insurance contracts and their marketing, and to admission to a group of participants;

(t)  establish standards relating to the disclosure of the conditions of insurance contracts and to the presentation of the text, in particular, the printing type, and provide for the adoption by insurers of mandatory forms of insurance policies;

(u)  regulate the form of insurance policies and the minimum coverage that must be stipulated by each class of insurance policies indicated by it;

(v)  (paragraph repealed);

(w)  regulate reinsurance;

(x)  regulate the printing type and the colour of the ink to be used for the printing of clauses of exclusion or reduction of the liability of an insurer;

(y)  oblige the insurers who carry on business in Québec to furnish every year to the Authority a statement of the investments made by them in Québec, in Canada or elsewhere and for that purpose determine what constitutes an investment in Québec;

(z)  fix a maximum rate of interest exigible from the insured or participants on premiums due in group insurance of pension benefits;

(aa)  determine, for any legal person acting as insurer in Québec, as a condition for the issue of the licence contemplated in section 211, the reasonable proportion of its assets which must be invested in Québec having regard to the true value of its undertakings towards its insured in Québec;

(ab)  (paragraph repealed);

(ac)  prescribe the documents and information that must be furnished to the Minister and the Authority in relation to the constitution of an insurance company, the continuance of an insurance company governed by the Business Corporations Act (chapter S-31.1) or the constitution of a mutual insurance association or in relation to any amendment of their constituting acts;

(ad)  prescribe the modalities and conditions relating to issues of bonds or other evidences of indebtedness and to subordinated loans;

(ae)  prescribe the conditions that must be met by the subsidiary of an insurer under section 247.1;

(af)  prescribe the duties exigible for the constitution and for the amendment of the articles of a mutual insurance association, a federation of mutual insurance associations or a guarantee fund;

(ag)  (paragraph repealed);

(ah)  determine the investment that may be made out of the investment fund of a federation of mutual insurance associations, the intervals and mode of valuation of the fund and the financial disclosure requirements to participating members;

(ai)  prescribe any document that must accompany the articles of constitution or of amendment of a mutual insurance association, of a federation of mutual insurance associations or of a guarantee fund;

(aj)  (paragraph repealed);

(ak)  define, for the purposes of the Act, the notion of indirect holding;

(al)  (paragraph repealed);

(am)  determine the terms and conditions according to which an insurer may invest in subsidiaries or associations whose principal activity is the purchase, management, sale or leasing of immovables, or the making of loans and investments;

(an)  (paragraph repealed);

(ao)  determine the other persons that are restricted parties with respect to an insurer;

(ap)  determine standards respecting the use an insurer may make of information held by it on those it insures or on the customers of another financial institution whose products it offers for sale;

(aq)  prescribe standards governing arrangements between an insurer and a financial institution for the sale of the financial products of either, and conditions permitting such arrangements to be made;

(ar)  determine the public authorities to which paragraph 6 of section 93.22 applies;

(as)  determine the cases in which the name of a mutual association suggests that it is related to another person, partnership or group, for the application of paragraph 7 of section 93.22;

(at)  determine the criteria to be taken into account in the application of paragraphs 7 and 8 of section 93.22;

(au)  prescribe the fees payable for a petition under section 93.25;

(av)  determine the policy that must be established by every insurer pursuant to section 285.29 or elements of such a policy.

1974, c. 70, s. 420; 1979, c. 33, s. 40; 1982, c. 52, s. 80; 1984, c. 22, s. 77; 1985, c. 17, s. 47; 1987, c. 54, s. 31; 1990, c. 86, s. 50; 1989, c. 48, s. 248; 1993, c. 48, s. 166; 1996, c. 63, s. 79, s. 80, s. 82; 1999, c. 40, s. 33; 2002, c. 45, s. 242; 2002, c. 70, s. 150; 2003, c. 1, s. 13; 2004, c. 37, s. 90; 2010, c. 7, s. 189; 2009, c. 52, s. 523.

2010-11-17

420. In addition to the regulatory powers conferred upon it by this Act, the Government may make regulations consistent with this Act to:

(a)  determine the qualifications required of any person applying for a licence, the conditions that such person must comply with and the information he must furnish;

(b)  determine the categories of licences and the classes of holders of such licences and the conditions and restrictions attaching to each category and class;

(c)  determine the tenor of applications for licences and the tenor of such licences;

(d)  determine, for each class of licence or certificate holders, the nature and form of the books, accounts and registers they must keep in addition to those prescribed by this Act;

(e)  determine, for each class of licence or certificate holders, the nature and tenor of the statements they must furnish in addition to those prescribed by this Act, and the time when they must be filed;

(f)  (paragraph repealed);

(g)  determine the form of the inspection reports made for the Authority and the information they must contain;

(h)  determine the procedure to be followed and the notices to be given before the Authority suspends, cancels or, under section 358, modifies a licence;

(i)  oblige insurers who carry on business in Québec to furnish the Authority with information and statistics on their operations in Québec and to file the statements relating thereto and determine the nature of the information that must be so given and the tenor of the statements to be so filed;

(j)  determine the cases in which the expenses incurred by the Authority to inspect or cause to be inspected the business of an insurer shall be repaid by that insurer and the extent of these repayments;

(k)  establish a tariff of fees payable to the Authority for the filing and examination of an insurer’s application for constitution, amending statutes, amalgamation, conversion or continuance, the filing, examination and issue of various documents or the reinstatement of licences, and for inspections;

(l)  determine the methods to be followed for the valuation of the assets and liabilities of insurers or, where such is the case, of their insurance funds;

(m)  provide for the issue of a licence to trustees in bankruptcy, liquidators or heirs of deceased holders of licences or certificates, but only for the time necessary to allow the winding-up of the portfolio;

(n)  (paragraph repealed);

(o)  (paragraph repealed);

(p)  (paragraph repealed);

(q)  determine the conditions with which every funeral expenses insurance contract signed before 20 October 1976 must comply;

(r)  define the different classes of insurance and determine the cases and the conditions where they may be contained in a single policy;

(s)  establish the conditions applicable to group insurance contracts and their marketing, and to admission to a group of participants;

(t)  establish standards relating to the disclosure of the conditions of insurance contracts and to the presentation of the text, in particular, the printing type, and provide for the adoption by insurers of mandatory forms of insurance policies;

(u)  regulate the form of insurance policies and the minimum coverage that must be stipulated by each class of insurance policies indicated by it;

(v)  (paragraph repealed);

(w)  regulate reinsurance;

(x)  regulate the printing type and the colour of the ink to be used for the printing of clauses of exclusion or reduction of the liability of an insurer;

(y)  oblige the insurers who carry on business in Québec to furnish every year to the Authority a statement of the investments made by them in Québec, in Canada or elsewhere and for that purpose determine what constitutes an investment in Québec;

(z)  fix a maximum rate of interest exigible from the insured or participants on premiums due in group insurance of pension benefits;

(aa)  determine, for any legal person acting as insurer in Québec, as a condition for the issue of the licence contemplated in section 211, the reasonable proportion of its assets which must be invested in Québec having regard to the true value of its undertakings towards its insured in Québec;

(ab)  (paragraph repealed);

(ac)  prescribe the documents and information that must be furnished to the Minister and the Authority in relation to the constitution of an insurance company, the continuance of an insurance company governed by the Companies Act (chapter C-38) or the constitution of a mutual insurance association or in relation to any amendment of their constituting acts;

(ad)  prescribe the modalities and conditions relating to issues of bonds or other evidences of indebtedness and to subordinated loans;

(ae)  prescribe the conditions that must be met by the subsidiary of an insurer under section 247.1;

(af)  prescribe the duties exigible for the constitution and for the amendment of the articles of a mutual insurance association, a federation of mutual insurance associations or a guarantee fund;

(ag)  (paragraph repealed);

(ah)  determine the investment that may be made out of the investment fund of a federation of mutual insurance associations, the intervals and mode of valuation of the fund and the financial disclosure requirements to participating members;

(ai)  prescribe any document that must accompany the articles of constitution or of amendment of a mutual insurance association, of a federation of mutual insurance associations or of a guarantee fund;

(aj)  (paragraph repealed);

(ak)  define, for the purposes of the Act, the notion of indirect holding;

(al)  (paragraph repealed);

(am)  determine the terms and conditions according to which an insurer may invest in subsidiaries or associations whose principal activity is the purchase, management, sale or leasing of immovables, or the making of loans and investments;

(an)  (paragraph repealed);

(ao)  determine the other persons that are restricted parties with respect to an insurer;

(ap)  determine standards respecting the use an insurer may make of information held by it on those it insures or on the customers of another financial institution whose products it offers for sale;

(aq)  prescribe standards governing arrangements between an insurer and a financial institution for the sale of the financial products of either, and conditions permitting such arrangements to be made;

(ar)  determine the public authorities to which paragraph 6 of section 93.22 applies;

(as)  determine the cases in which the name of a mutual association suggests that it is related to another person, partnership or group, for the application of paragraph 7 of section 93.22;

(at)  determine the criteria to be taken into account in the application of paragraphs 7 and 8 of section 93.22;

(au)  prescribe the fees payable for a petition under section 93.25;

(av)  determine the policy that must be established by every insurer pursuant to section 285.29 or elements of such a policy.

1974, c. 70, s. 420; 1979, c. 33, s. 40; 1982, c. 52, s. 80; 1984, c. 22, s. 77; 1985, c. 17, s. 47; 1987, c. 54, s. 31; 1990, c. 86, s. 50; 1989, c. 48, s. 248; 1993, c. 48, s. 166; 1996, c. 63, s. 79, s. 80, s. 82; 1999, c. 40, s. 33; 2002, c. 45, s. 242; 2002, c. 70, s. 150; 2003, c. 1, s. 13; 2004, c. 37, s. 90; 2010, c. 7, s. 189.

2004-12-17

420. In addition to the regulatory powers conferred upon it by this Act, the Government may make regulations consistent with this Act to:

(a)  determine the qualifications required of any person applying for a licence, the conditions that such person must comply with and the information he must furnish;

(b)  determine the categories of licences and the classes of holders of such licences and the conditions and restrictions attaching to each category and class;

(c)  determine the tenor of applications for licences and the tenor of such licences;

(d)  determine, for each class of licence or certificate holders, the nature and form of the books, accounts and registers they must keep in addition to those prescribed by this Act;

(e)  determine, for each class of licence or certificate holders, the nature and tenor of the statements they must furnish in addition to those prescribed by this Act, and the time when they must be filed;

(f)  (paragraph repealed);

(g)  determine the form of the inspection reports made for the Authority and the information they must contain;

(h)  determine the procedure to be followed and the notices to be given before the Authority suspends, cancels or, under section 358, modifies a licence;

(i)  oblige insurers who carry on business in Québec to furnish the Authority with information and statistics on their operations in Québec and to file the statements relating thereto and determine the nature of the information that must be so given and the tenor of the statements to be so filed;

(j)  determine the cases in which the expenses incurred by the Authority to inspect or cause to be inspected the business of an insurer shall be repaid by that insurer and the extent of these repayments;

(k)  establish a tariff of fees payable for the constitution of insurance companies and associations into legal persons, the issuance of letters patent, the filing, examination and certification of articles and other documents, the issuance and reinstatement of licences as well as for inspections;

(l)  determine the methods to be followed for the valuation of the assets and liabilities of insurers or, where such is the case, of their insurance funds;

(m)  provide for the issue of a licence to trustees in bankruptcy, liquidators or heirs of deceased holders of licences or certificates, but only for the time necessary to allow the winding-up of the portfolio;

(n)  (paragraph repealed);

(o)  (paragraph repealed);

(p)  (paragraph repealed);

(q)  determine the conditions with which every funeral expenses insurance contract signed before 20 October 1976 must comply;

(r)  define the different classes of insurance and determine the cases and the conditions where they may be contained in a single policy;

(s)  establish the conditions applicable to group insurance contracts and their marketing, and to admission to a group of participants;

(t)  establish standards relating to the disclosure of the conditions of insurance contracts and to the presentation of the text, in particular, the printing type, and provide for the adoption by insurers of mandatory forms of insurance policies;

(u)  regulate the form of insurance policies and the minimum coverage that must be stipulated by each class of insurance policies indicated by it;

(v)  (paragraph repealed);

(w)  regulate reinsurance;

(x)  regulate the printing type and the colour of the ink to be used for the printing of clauses of exclusion or reduction of the liability of an insurer;

(y)  oblige the insurers who carry on business in Québec to furnish every year to the Authority a statement of the investments made by them in Québec, in Canada or elsewhere and for that purpose determine what constitutes an investment in Québec;

(z)  fix a maximum rate of interest exigible from the insured or participants on premiums due in group insurance of pension benefits;

(aa)  determine, for any legal person acting as insurer in Québec, as a condition for the issue of the licence contemplated in section 211, the reasonable proportion of its assets which must be invested in Québec having regard to the true value of its undertakings towards its insured in Québec;

(ab)  (paragraph repealed);

(ac)  prescribe the documents and information that must be furnished to the Minister and the Authority in relation to the constitution of an insurance company, the continuance of an insurance company governed by the Companies Act (chapter C-38) or the constitution of a mutual insurance association or in relation to any amendment of their constituting acts;

(ad)  prescribe the modalities and conditions relating to issues of bonds or other evidences of indebtedness and to subordinated loans;

(ae)  prescribe the conditions that must be met by the subsidiary of an insurer under section 247.1;

(af)  prescribe the duties exigible for the constitution and for the amendment of the articles of a mutual insurance association, a federation of mutual insurance associations or a guarantee fund;

(ag)  (paragraph repealed);

(ah)  determine the investment that may be made out of the investment fund of a federation of mutual insurance associations, the intervals and mode of valuation of the fund and the financial disclosure requirements to participating members;

(ai)  prescribe any document that must accompany the articles of constitution or of amendment of a mutual insurance association, of a federation of mutual insurance associations or of a guarantee fund;

(aj)  (paragraph repealed);

(ak)  define, for the purposes of the Act, the notion of indirect holding;

(al)  (paragraph repealed);

(am)  determine the terms and conditions according to which an insurer may invest in subsidiaries or associations whose principal activity is the purchase, management, sale or leasing of immovables, or the making of loans and investments;

(an)  (paragraph repealed);

(ao)  determine the other persons that are restricted parties with respect to an insurer;

(ap)  determine standards respecting the use an insurer may make of information held by it on those it insures or on the customers of another financial institution whose products it offers for sale;

(aq)  prescribe standards governing arrangements between an insurer and a financial institution for the sale of the financial products of either, and conditions permitting such arrangements to be made;

(ar)  determine the public authorities to which paragraph 6 of section 93.22 applies;

(as)  determine the cases in which the name of a mutual association suggests that it is related to another person, partnership or group, for the application of paragraph 7 of section 93.22;

(at)  determine the criteria to be taken into account in the application of paragraphs 7 and 8 of section 93.22;

(au)  prescribe the fees payable for a petition under section 93.25;

(av)  determine the policy that must be established by every insurer pursuant to section 285.29 or elements of such a policy.

1974, c. 70, s. 420; 1979, c. 33, s. 40; 1982, c. 52, s. 80; 1984, c. 22, s. 77; 1985, c. 17, s. 47; 1987, c. 54, s. 31; 1990, c. 86, s. 50; 1989, c. 48, s. 248; 1993, c. 48, s. 166; 1996, c. 63, s. 79, s. 80, s. 82; 1999, c. 40, s. 33; 2002, c. 45, s. 242; 2002, c. 70, s. 150; 2003, c. 1, s. 13; 2004, c. 37, s. 90.

2003-06-21

420. In addition to the regulatory powers conferred upon it by this Act, the Government may make regulations consistent with this Act to:

(a)  determine the qualifications required of any person applying for a licence, the conditions that such person must comply with and the information he must furnish;

(b)  determine the categories of licences and the classes of holders of such licences and the conditions and restrictions attaching to each category and class;

(c)  determine the tenor of applications for licences and the tenor of such licences;

(d)  determine, for each class of licence or certificate holders, the nature and form of the books, accounts and registers they must keep in addition to those prescribed by this Act;

(e)  determine, for each class of licence or certificate holders, the nature and tenor of the statements they must furnish in addition to those prescribed by this Act, and the time when they must be filed;

(f)  (paragraph repealed);

(g)  determine the form of the inspection reports made for the Agency and the information they must contain;

(h)  determine the procedure to be followed and the notices to be given before the Agency suspends, cancels or, under section 358, modifies a licence;

(i)  oblige insurers who carry on business in Québec to furnish the Agency with information and statistics on their operations in Québec and to file the statements relating thereto and determine the nature of the information that must be so given and the tenor of the statements to be so filed;

(j)  determine the cases in which the expenses incurred by the Agency to inspect or cause to be inspected the business of an insurer shall be repaid by that insurer and the extent of these repayments;

(k)  establish a tariff of fees payable for the constitution of insurance companies and associations into legal persons, the issuance of letters patent, the filing, examination and certification of articles and other documents, the issuance and reinstatement of licences as well as for inspections;

(l)  determine the methods to be followed for the valuation of the assets and liabilities of insurers or, where such is the case, of their insurance funds;

(m)  provide for the issue of a licence to trustees in bankruptcy, liquidators or heirs of deceased holders of licences or certificates, but only for the time necessary to allow the winding-up of the portfolio;

(n)  (paragraph repealed);

(o)  (paragraph repealed);

(p)  (paragraph repealed);

(q)  determine the conditions with which every funeral expenses insurance contract signed before 20 October 1976 must comply;

(r)  define the different classes of insurance and determine the cases and the conditions where they may be contained in a single policy;

(s)  establish the conditions applicable to group insurance contracts and their marketing, and to admission to a group of participants;

(t)  establish standards relating to the disclosure of the conditions of insurance contracts and to the presentation of the text, in particular, the printing type, and provide for the adoption by insurers of mandatory forms of insurance policies;

(u)  regulate the form of insurance policies and the minimum coverage that must be stipulated by each class of insurance policies indicated by it;

(v)  (paragraph repealed);

(w)  regulate reinsurance;

(x)  regulate the printing type and the colour of the ink to be used for the printing of clauses of exclusion or reduction of the liability of an insurer;

(y)  oblige the insurers who carry on business in Québec to furnish every year to the Agency a statement of the investments made by them in Québec, in Canada or elsewhere and for that purpose determine what constitutes an investment in Québec;

(z)  fix a maximum rate of interest exigible from the insured or participants on premiums due in group insurance of pension benefits;

(aa)  determine, for any legal person acting as insurer in Québec, as a condition for the issue of the licence contemplated in section 211, the reasonable proportion of its assets which must be invested in Québec having regard to the true value of its undertakings towards its insured in Québec;

(ab)  (paragraph repealed);

(ac)  prescribe the documents and information that must be furnished to the Minister and the Agency in relation to the constitution of an insurance company, the continuance of an insurance company governed by the Companies Act (chapter C-38) or the constitution of a mutual insurance association or in relation to any amendment of their constituting acts;

(ad)  prescribe the modalities and conditions relating to issues of bonds or other evidences of indebtedness and to subordinated loans;

(ae)  prescribe the conditions that must be met by the subsidiary of an insurer under section 247.1;

(af)  prescribe the duties exigible for the constitution and for the amendment of the articles of a mutual insurance association, a federation of mutual insurance associations or a guarantee fund;

(ag)  (paragraph repealed);

(ah)  determine the investment that may be made out of the investment fund of a federation of mutual insurance associations, the intervals and mode of valuation of the fund and the financial disclosure requirements to participating members;

(ai)  prescribe any document that must accompany the articles of constitution or of amendment of a mutual insurance association, of a federation of mutual insurance associations or of a guarantee fund;

(aj)  (paragraph repealed);

(ak)  define, for the purposes of the Act, the notion of indirect holding;

(al)  (paragraph repealed);

(am)  determine the terms and conditions according to which an insurer may invest in subsidiaries or associations whose principal activity is the purchase, management, sale or leasing of immovables, or the making of loans and investments;

(an)  (paragraph repealed);

(ao)  determine the other persons that are restricted parties with respect to an insurer;

(ap)  determine standards respecting the use an insurer may make of information held by it on those it insures or on the customers of another financial institution whose products it offers for sale;

(aq)  prescribe standards governing arrangements between an insurer and a financial institution for the sale of the financial products of either, and conditions permitting such arrangements to be made;

(ar)  determine the public authorities to which paragraph 6 of section 93.22 applies;

(as)  determine the cases in which the name of a mutual association suggests that it is related to another person, partnership or group, for the application of paragraph 7 of section 93.22;

(at)  determine the criteria to be taken into account in the application of paragraphs 7 and 8 of section 93.22;

(au)  prescribe the fees payable for a petition under section 93.25;

(av)  determine the policy that must be established by every insurer pursuant to section 285.29 or elements of such a policy.

1974, c. 70, s. 420; 1979, c. 33, s. 40; 1982, c. 52, s. 80; 1984, c. 22, s. 77; 1985, c. 17, s. 47; 1987, c. 54, s. 31; 1990, c. 86, s. 50; 1989, c. 48, s. 248; 1993, c. 48, s. 166; 1996, c. 63, s. 79, s. 80, s. 82; 1999, c. 40, s. 33; 2002, c. 45, s. 242; 2002, c. 70, s. 150; 2003, c. 1, s. 13.

2003-02-12

420. In addition to the regulatory powers conferred upon it by this Act, the Government may make regulations consistent with this Act to:

(a)  determine the qualifications required of any person applying for a licence, the conditions that such person must comply with and the information he must furnish;

(b)  determine the categories of licences and the classes of holders of such licences and the conditions and restrictions attaching to each category and class;

(c)  determine the tenor of applications for licences and the tenor of such licences;

(d)  determine, for each class of licence or certificate holders, the nature and form of the books, accounts and registers they must keep in addition to those prescribed by this Act;

(e)  determine, for each class of licence or certificate holders, the nature and tenor of the statements they must furnish in addition to those prescribed by this Act, and the time when they must be filed;

(f)  (paragraph repealed);

(g)  determine the form of the inspection reports made for the Agency and the information they must contain;

(h)  determine the procedure to be followed and the notices to be given before the Agency suspends, cancels or, under section 358, modifies a licence;

(i)  oblige insurers who carry on business in Québec to furnish the Agency with information and statistics on their operations in Québec and to file the statements relating thereto and determine the nature of the information that must be so given and the tenor of the statements to be so filed;

(j)  determine the cases in which the expenses incurred by the Agency to inspect or cause to be inspected the business of an insurer shall be repaid by that insurer and the extent of these repayments;

(k)  establish a tariff of fees payable for the constitution of insurance companies and associations into legal persons, the issuance of letters patent, the filing, examination and certification of articles and other documents, the issuance and reinstatement of licences as well as for inspections;

(l)  determine the methods to be followed for the valuation of the assets and liabilities of insurers or, where such is the case, of their insurance funds;

(m)  provide for the issue of a licence to trustees in bankruptcy, liquidators or heirs of deceased holders of licences or certificates, but only for the time necessary to allow the winding-up of the portfolio;

(n)  (paragraph repealed);

(o)  (paragraph repealed);

(p)  (paragraph repealed);

(q)  determine the conditions with which every funeral expenses insurance contract signed before 20 October 1976 must comply;

(r)  define the different classes of insurance and determine the cases and the conditions where they may be contained in a single policy;

(s)  establish the conditions applicable to group insurance contracts and their marketing, and to admission to a group of participants;

(t)  establish standards relating to the disclosure of the conditions of insurance contracts and to the presentation of the text, in particular, the printing type, and provide for the adoption by insurers of mandatory forms of insurance policies;

(u)  regulate the form of insurance policies and the minimum coverage that must be stipulated by each class of insurance policies indicated by it;

(v)  (paragraph repealed);

(w)  regulate reinsurance;

(x)  regulate the printing type and the colour of the ink to be used for the printing of clauses of exclusion or reduction of the liability of an insurer;

(y)  oblige the insurers who carry on business in Québec to furnish every year to the Agency a statement of the investments made by them in Québec, in Canada or elsewhere and for that purpose determine what constitutes an investment in Québec;

(z)  fix a maximum rate of interest exigible from the insured or participants on premiums due in group insurance of pension benefits;

(aa)  determine, for any legal person acting as insurer in Québec, as a condition for the issue of the licence contemplated in section 211, the reasonable proportion of its assets which must be invested in Québec having regard to the true value of its undertakings towards its insured in Québec;

(ab)  (paragraph repealed);

(ac)  prescribe the documents and information that must be furnished to the Minister and the Agency in relation to the constitution of an insurance company or a mutual insurance association or in relation to any modification to their letters patent, charter or articles;

(ad)  prescribe the modalities and conditions relating to issues of bonds or other evidences of indebtedness and to subordinated loans;

(ae)  prescribe the conditions that must be met by the subsidiary of an insurer under section 247.1;

(af)  prescribe the duties exigible for the constitution and for the amendment of the articles of a mutual insurance association, a federation of mutual insurance associations or a guarantee fund;

(ag)  (paragraph repealed);

(ah)  determine the investment that may be made out of the investment fund of a federation of mutual insurance associations, the intervals and mode of valuation of the fund and the financial disclosure requirements to participating members;

(ai)  prescribe any document that must accompany the articles of constitution or of amendment of a mutual insurance association, of a federation of mutual insurance associations or of a guarantee fund;

(aj)  define the notion of indirect control referred to in section 1.1;

(ak)  define, for the purposes of the Act, the notion of indirect holding;

(al)  (paragraph repealed);

(am)  determine the terms and conditions according to which an insurer may invest in subsidiaries or associations whose principal activity is the purchase, management, sale or leasing of immovables, or the making of loans and investments;

(an)  (paragraph repealed);

(ao)  determine the other persons that are restricted parties with respect to an insurer;

(ap)  determine standards respecting the use an insurer may make of information held by it on those it insures or on the customers of another financial institution whose products it offers for sale;

(aq)  prescribe standards governing arrangements between an insurer and a financial institution for the sale of the financial products of either, and conditions permitting such arrangements to be made;

(ar)  determine the public authorities to which paragraph 6 of section 93.22 applies;

(as)  determine the cases in which the name of a mutual association suggests that it is related to another person, partnership or group, for the application of paragraph 7 of section 93.22;

(at)  determine the criteria to be taken into account in the application of paragraphs 7 and 8 of section 93.22;

(au)  prescribe the fees payable for a petition under section 93.25;

(av)  determine the policy that must be established by every insurer pursuant to section 285.29 or elements of such a policy.

1974, c. 70, s. 420; 1979, c. 33, s. 40; 1982, c. 52, s. 80; 1984, c. 22, s. 77; 1985, c. 17, s. 47; 1987, c. 54, s. 31; 1990, c. 86, s. 50; 1989, c. 48, s. 248; 1993, c. 48, s. 166; 1996, c. 63, s. 79, s. 80, s. 82; 1999, c. 40, s. 33; 2002, c. 45, s. 242; 2002, c. 70, s. 150.

2002-12-11

420. In addition to the regulatory powers conferred upon it by this Act, the Government may make regulations consistent with this Act to:

(a)  determine the qualifications required of any person applying for a licence or for its renewal, the conditions that such person must comply with and the information he must furnish;

(b)  determine the categories of licences and the classes of holders of such licences and the conditions and restrictions attaching to each category and class;

(c)  determine the tenor of applications for licences and the tenor of such licences;

(d)  determine, for each class of licence or certificate holders, the nature and form of the books, accounts and registers they must keep in addition to those prescribed by this Act;

(e)  determine, for each class of licence or certificate holders, the nature and tenor of the statements they must furnish in addition to those prescribed by this Act, and the time when they must be filed;

(f)  (paragraph repealed);

(g)  determine the form of the inspection reports made for the Agency and the information they must contain;

(h)  determine the procedure to be followed and the notices to be given before the Agency suspends or cancels a licence;

(i)  oblige insurers who carry on business in Québec to furnish the Agency with information and statistics on their operations in Québec and to file the statements relating thereto and determine the nature of the information that must be so given and the tenor of the statements to be so filed;

(j)  determine the cases in which the expenses incurred by the Agency to inspect or cause to be inspected the business of an insurer shall be repaid by that insurer and the extent of these repayments;

(k)  establish a tariff of fees exigible for the constitution of insurance companies and associations, the granting of letters patent or licences, the renewal of licences and for inspections and statements;

(l)  determine the methods to be followed for the valuation of the assets and liabilities of insurers or, where such is the case, of their insurance funds, and of the deposits required under this Act;

(m)  provide for the issue of a licence to trustees in bankruptcy, liquidators or heirs of deceased holders of licences or certificates, but only for the time necessary to allow the winding-up of the portfolio;

(n)  (paragraph repealed);

(o)  (paragraph repealed);

(p)  (paragraph repealed);

(q)  determine the conditions with which every funeral expenses insurance contract signed before 20 October 1976 must comply;

(r)  define the different classes of insurance and determine the cases and the conditions where they may be contained in a single policy;

(s)  establish the conditions applicable to group insurance contracts and their marketing, and to admission to a group of participants;

(t)  establish standards relating to the disclosure of the conditions of insurance contracts and to the presentation of the text, in particular, the printing type, and provide for the adoption by insurers of mandatory forms of insurance policies;

(u)  regulate the form of insurance policies and the minimum coverage that must be stipulated by each class of insurance policies indicated by it;

(v)  (paragraph repealed);

(w)  regulate reinsurance;

(x)  regulate the printing type and the colour of the ink to be used for the printing of clauses of exclusion or reduction of the liability of an insurer;

(y)  oblige the insurers who carry on business in Québec to furnish every year to the Agency a statement of the investments made by them in Québec, in Canada or elsewhere and for that purpose determine what constitutes an investment in Québec;

(z)  fix a maximum rate of interest exigible from the insured or participants on premiums due in group insurance of pension benefits;

(aa)  determine, for any legal person acting as insurer in Québec, as a condition for the issue or renewal of the licence contemplated in section 211, the reasonable proportion of its assets which must be invested in Québec having regard to the true value of its undertakings towards its insured in Québec;

(ab)  (paragraph repealed);

(ac)  prescribe the documents and information that must be furnished in support of an application for constitution by an insurance company or a mutual insurance association;

(ad)  prescribe the modalities and conditions relating to issues of bonds or other evidences of indebtedness and to subordinated loans;

(ae)  prescribe the conditions that must be met by the subsidiary of an insurer under section 247.1;

(af)  prescribe the duties exigible for the constitution and for the amendment of the articles of a mutual insurance association, a federation of mutual insurance associations or a guarantee fund;

(ag)  (paragraph repealed);

(ah)  determine the investment that may be made out of the investment fund of a federation of mutual insurance associations, the intervals and mode of valuation of the fund and the financial disclosure requirements to participating members;

(ai)  prescribe any document that must accompany the articles of constitution or of amendment of a mutual insurance association, of a federation of mutual insurance associations or of a guarantee fund;

(aj)  define the notion of indirect control referred to in section 1.1;

(ak)  define, for the purposes of the Act, the notion of indirect holding;

(al)  determine any other principal activity for the purposes of subparagraphs d and d.1 of the first paragraph of section 245;

(am)  determine the terms and conditions according to which an insurer may invest in subsidiaries or associations whose principal activity is the purchase, management, sale or leasing of immovables, or the making of loans and investments;

(an)  determine any other investments to which the limit prescribed in subparagraph a of the first paragraph of section 245 does not apply;

(ao)  determine the other persons that are restricted parties with respect to an insurer;

(ap)  determine standards respecting the use an insurer may make of information held by it on those it insures or on the customers of another financial institution whose products it offers for sale;

(aq)  prescribe standards governing arrangements between an insurer and a financial institution for the sale of the financial products of either, and conditions permitting such arrangements to be made;

(ar)  determine the public authorities to which paragraph 6 of section 93.22 applies;

(as)  determine the cases in which the name of a mutual association suggests that it is related to another person, partnership or group, for the application of paragraph 7 of section 93.22;

(at)  determine the criteria to be taken into account in the application of paragraphs 7 and 8 of section 93.22;

(au)  prescribe the fees payable for a petition under section 93.25;

(av)  determine the policy that must be established by every insurer pursuant to section 285.27 or elements of such a policy.

1974, c. 70, s. 420; 1979, c. 33, s. 40; 1982, c. 52, s. 80; 1984, c. 22, s. 77; 1985, c. 17, s. 47; 1987, c. 54, s. 31; 1990, c. 86, s. 50; 1989, c. 48, s. 248; 1993, c. 48, s. 166; 1996, c. 63, s. 79, s. 80, s. 82; 1999, c. 40, s. 33; 2002, c. 45, s. 242.

1999-10-22

420. In addition to the regulatory powers conferred upon it by this Act, the Government may make regulations consistent with this Act to:

(a)  determine the qualifications required of any person applying for a licence or for its renewal, the conditions that such person must comply with and the information he must furnish;

(b)  determine the categories of licences and the classes of holders of such licences and the conditions and restrictions attaching to each category and class;

(c)  determine the tenor of applications for licences and the tenor of such licences;

(d)  determine, for each class of licence or certificate holders, the nature and form of the books, accounts and registers they must keep in addition to those prescribed by this Act;

(e)  determine, for each class of licence or certificate holders, the nature and tenor of the statements they must furnish in addition to those prescribed by this Act, and the time when they must be filed;

(f)  (paragraph repealed);

(g)  determine the form of the inspection reports made for the Inspector General and the information they must contain;

(h)  determine the procedure to be followed and the notices to be given before the Inspector General suspends or cancels a licence;

(i)  oblige insurers who carry on business in Québec to furnish the Inspector General with information and statistics on their operations in Québec and to file the statements relating thereto and determine the nature of the information that must be so given and the tenor of the statements to be so filed;

(j)  determine the cases in which the expenses incurred by the Inspector General to inspect or cause to be inspected the business of an insurer shall be repaid by that insurer and the extent of these repayments;

(k)  establish a tariff of fees exigible for the constitution of insurance companies and associations, the granting of letters patent or licences, the renewal of licences and for inspections and statements;

(l)  determine the methods to be followed for the valuation of the assets and liabilities of insurers or, where such is the case, of their insurance funds, and of the deposits required under this Act;

(m)  provide for the issue of a licence to trustees in bankruptcy, liquidators or heirs of deceased holders of licences or certificates, but only for the time necessary to allow the winding-up of the portfolio;

(n)  (paragraph repealed);

(o)  (paragraph repealed);

(p)  (paragraph repealed);

(q)  determine the conditions with which every funeral expenses insurance contract signed before 20 October 1976 must comply;

(r)  define the different classes of insurance and determine the cases and the conditions where they may be contained in a single policy;

(s)  establish the conditions applicable to group insurance contracts and their marketing, and to admission to a group of participants;

(t)  establish standards relating to the disclosure of the conditions of insurance contracts and to the presentation of the text, in particular, the printing type, and provide for the adoption by insurers of mandatory forms of insurance policies;

(u)  regulate the form of insurance policies and the minimum coverage that must be stipulated by each class of insurance policies indicated by it;

(v)  (paragraph repealed);

(w)  regulate reinsurance;

(x)  regulate the printing type and the colour of the ink to be used for the printing of clauses of exclusion or reduction of the liability of an insurer;

(y)  oblige the insurers who carry on business in Québec to furnish every year to the Inspector General a statement of the investments made by them in Québec, in Canada or elsewhere and for that purpose determine what constitutes an investment in Québec;

(z)  fix a maximum rate of interest exigible from the insured or participants on premiums due in group insurance of pension benefits;

(aa)  determine, for any legal person acting as insurer in Québec, as a condition for the issue or renewal of the licence contemplated in section 211, the reasonable proportion of its assets which must be invested in Québec having regard to the true value of its undertakings towards its insured in Québec;

(ab)  (paragraph repealed);

(ac)  prescribe the documents and information that must be furnished in support of an application for constitution by an insurance company or a mutual insurance association;

(ad)  prescribe the modalities and conditions relating to issues of bonds or other evidences of indebtedness and to subordinated loans;

(ae)  prescribe the conditions that must be met by the subsidiary of an insurer under section 247.1;

(af)  prescribe the duties exigible for the constitution and for the amendment of the articles of a mutual insurance association, a federation of mutual insurance associations or a guarantee fund;

(ag)  (paragraph repealed);

(ah)  determine the investment that may be made out of the investment fund of a federation of mutual insurance associations, the intervals and mode of valuation of the fund and the financial disclosure requirements to participating members;

(ai)  prescribe any document that must accompany the articles of constitution or of amendment of a mutual insurance association, of a federation of mutual insurance associations or of a guarantee fund;

(aj)  define the notion of indirect control referred to in section 1.1;

(ak)  define, for the purposes of the Act, the notion of indirect holding;

(al)  determine any other principal activity for the purposes of subparagraphs d and d.1 of the first paragraph of section 245;

(am)  determine the terms and conditions according to which an insurer may invest in subsidiaries or associations whose principal activity is the purchase, management, sale or leasing of immovables, or the making of loans and investments;

(an)  determine any other investments to which the limit prescribed in subparagraph a of the first paragraph of section 245 does not apply;

(ao)  determine the other persons that are restricted parties with respect to an insurer;

(ap)  determine standards respecting the use an insurer may make of information held by it on those it insures or on the customers of another financial institution whose products it offers for sale;

(aq)  prescribe standards governing arrangements between an insurer and a financial institution for the sale of the financial products of either, and conditions permitting such arrangements to be made;

(ar)  determine the public authorities to which paragraph 6 of section 93.22 applies;

(as)  determine the cases in which the name of a mutual association suggests that it is related to another person, partnership or group, for the application of paragraph 7 of section 93.22;

(at)  determine the criteria to be taken into account in the application of paragraphs 7 and 8 of section 93.22;

(au)  prescribe the fees payable for a petition under section 93.25.

1974, c. 70, s. 420; 1979, c. 33, s. 40; 1982, c. 52, s. 80; 1984, c. 22, s. 77; 1985, c. 17, s. 47; 1987, c. 54, s. 31; 1990, c. 86, s. 50; 1989, c. 48, s. 248; 1993, c. 48, s. 166; 1996, c. 63, s. 79, s. 80, s. 82; 1999, c. 40, s. 33.

1996-12-23

420. In addition to the regulatory powers conferred upon it by this Act, the Government may make regulations consistent with this Act to:

(a)  determine the qualifications required of any person applying for a licence or for its renewal, the conditions that such person must comply with and the information he must furnish;

(b)  determine the categories of licences and the classes of holders of such licences and the conditions and restrictions attaching to each category and class;

(c)  determine the tenor of applications for licences and the tenor of such licences;

(d)  determine, for each class of licence or certificate holders, the nature and form of the books, accounts and registers they must keep in addition to those prescribed by this Act;

(e)  determine, for each class of licence or certificate holders, the nature and tenor of the statements they must furnish in addition to those prescribed by this Act, and the time when they must be filed;

(f)  (paragraph repealed);

(g)  determine the form of the inspection reports made for the Inspector General and the information they must contain;

(h)  determine the procedure to be followed and the notices to be given before the Inspector General suspends or cancels a licence;

(i)  oblige insurers who carry on business in Québec to furnish the Inspector General with information and statistics on their operations in Québec and to file the statements relating thereto and determine the nature of the information that must be so given and the tenor of the statements to be so filed;

(j)  determine the cases in which the expenses incurred by the Inspector General to inspect or cause to be inspected the business of an insurer shall be repaid by that insurer and the extent of these repayments;

(k)  establish a tariff of fees exigible for the incorporation of insurance companies and associations, the granting of letters patent or licences, the renewal of licences and for inspections and statements;

(l)  determine the methods to be followed for the valuation of the assets and liabilities of insurers or, where such is the case, of their insurance funds, and of the deposits required under this Act;

(m)  provide for the issue of a licence to trustees in bankruptcy, liquidators or heirs of deceased holders of licences or certificates, but only for the time necessary to allow the winding-up of the portfolio;

(n)  (paragraph repealed);

(o)  (paragraph repealed);

(p)  (paragraph repealed);

(q)  determine the conditions with which every funeral expenses insurance contract signed before 20 October 1976 must comply;

(r)  define the different classes of insurance and determine the cases and the conditions where they may be contained in a single policy;

(s)  establish the conditions applicable to group insurance contracts and their marketing, and to admission to a group of participants;

(t)  establish standards relating to the disclosure of the conditions of insurance contracts and to the presentation of the text, in particular, the printing type, and provide for the adoption by insurers of mandatory forms of insurance policies;

(u)  regulate the form of insurance policies and the minimum coverage that must be stipulated by each class of insurance policies indicated by it;

(v)  (paragraph repealed);

(w)  regulate reinsurance;

(x)  regulate the printing type and the colour of the ink to be used for the printing of clauses of exclusion or reduction of the liability of an insurer;

(y)  oblige the insurers who carry on business in Québec to furnish every year to the Inspector General a statement of the investments made by them in Québec, in Canada or elsewhere and for that purpose determine what constitutes an investment in Québec;

(z)  fix a maximum rate of interest exigible from the insured or participants on premiums due in group insurance of pension benefits;

(aa)  determine, for any legal person acting as insurer in Québec, as a condition for the issue or renewal of the licence contemplated in section 211, the reasonable proportion of its assets which must be invested in Québec having regard to the true value of its undertakings towards its insured in Québec;

(ab)  (paragraph repealed);

(ac)  prescribe the documents and information that must be furnished in support of an application for incorporation by an insurance company or a mutual insurance association;

(ad)  prescribe the modalities and conditions relating to issues of bonds or other evidences of indebtedness and to subordinated loans;

(ae)  prescribe the conditions that must be met by the subsidiary of an insurer under section 247.1;

(af)  prescribe the duties exigible for the incorporation and for the amendment of the articles of a mutual insurance association, a federation of mutual insurance associations or a guarantee fund;

(ag)  (paragraph repealed);

(ah)  determine the investment that may be made out of the investment fund of a federation of mutual insurance associations, the intervals and mode of valuation of the fund and the financial disclosure requirements to participating members;

(ai)  prescribe any document that must accompany the articles of incorporation or of amendment of a mutual insurance association, of a federation of mutual insurance associations or of a guarantee fund;

(aj)  define the notion of indirect control referred to in section 1.1;

(ak)  define, for the purposes of the Act, the notion of indirect holding;

(al)  determine any other principal activity for the purposes of subparagraphs d and d.1 of the first paragraph of section 245;

(am)  determine the terms and conditions according to which an insurer may invest in subsidiaries or associations whose principal activity is the purchase, management, sale or leasing of immovables, or the making of loans and investments;

(an)  determine any other investments to which the limit prescribed in subparagraph a of the first paragraph of section 245 does not apply;

(ao)  determine the other persons that are restricted parties with respect to an insurer;

(ap)  determine standards respecting the use an insurer may make of information held by it on those it insures or on the customers of another financial institution whose products it offers for sale;

(aq)  prescribe standards governing arrangements between an insurer and a financial institution for the sale of the financial products of either, and conditions permitting such arrangements to be made;

(ar)  determine the public authorities to which paragraph 6 of section 93.22 applies;

(as)  determine the cases in which the name of a mutual association suggests that it is related to another person, partnership or group, for the application of paragraph 7 of section 93.22;

(at)  determine the criteria to be taken into account in the application of paragraphs 7 and 8 of section 93.22;

(au)  prescribe the fees payable for a petition under section 93.25.

1974, c. 70, s. 420; 1979, c. 33, s. 40; 1982, c. 52, s. 80; 1984, c. 22, s. 77; 1985, c. 17, s. 47; 1987, c. 54, s. 31; 1990, c. 86, s. 50; 1989, c. 48, s. 248; 1993, c. 48, s. 166; 1996, c. 63, s. 79, s. 80, s. 82.

1994-01-01

420. In addition to the regulatory powers conferred upon it by this Act, the Government may make regulations consistent with this Act to:

(a)  determine the qualifications required of any person applying for a licence or for its renewal, the conditions that such person must comply with and the information he must furnish;

(b)  determine the categories of licences and the classes of holders of such licences and the conditions and restrictions attaching to each category and class;

(c)  determine the tenor of applications for licences and the tenor of such licences;

(d)  determine, for each class of licence or certificate holders, the nature and form of the books, accounts and registers they must keep in addition to those prescribed by this Act;

(e)  determine, for each class of licence or certificate holders, the nature and tenor of the statements they must furnish in addition to those prescribed by this Act, and the time when they must be filed;

(f)  (paragraph repealed);

(g)  determine the form of the inspection reports made for the Inspector General and the information they must contain;

(h)  determine the procedure to be followed and the notices to be given before the Inspector General suspends or cancels a licence;

(i)  oblige insurers who carry on business in Québec to furnish the Inspector General with information and statistics on their operations in Québec and to file the statements relating thereto and determine the nature of the information that must be so given and the tenor of the statements to be so filed;

(j)  determine the cases in which the expenses incurred by the Inspector General to inspect or cause to be inspected the business of an insurer shall be repaid by that insurer and the extent of these repayments;

(k)  establish a tariff of fees exigible for the incorporation of insurance companies and associations, the granting of letters patent or licences, the renewal of licences and for inspections and statements;

(l)  determine the methods to be followed for the valuation of the assets and liabilities of insurers or, where such is the case, of their insurance funds, and of the deposits required under this Act;

(m)  provide for the issue of a licence to trustees in bankruptcy or liquidators, to testamentary executors or heirs of deceased holders of licences or certificates, but only for the time necessary to allow the winding-up of the portfolio;

(n)  (paragraph repealed);

(o)  (paragraph repealed);

(p)  (paragraph repealed);

(q)  determine the conditions with which every funeral expenses insurance contract signed before 20 October 1976 must comply;

(r)  define the different classes of insurance and determine the cases and the conditions where they may be contained in a single policy;

(s)  establish the conditions applicable to group insurance contracts and their marketing, and to admission to a group of participants;

(t)  establish standards relating to the disclosure of the conditions of insurance contracts and to the presentation of the text, in particular, the printing type, and provide for the adoption by insurers of mandatory forms of insurance policies;

(u)  regulate the form of insurance policies and the minimum coverage that must be stipulated by each class of insurance policies indicated by it;

(v)  (paragraph repealed);

(w)  regulate reinsurance;

(x)  regulate the printing type and the colour of the ink to be used for the printing of clauses of exclusion or reduction of the liability of an insurer;

(y)  oblige the insurers who carry on business in Québec to furnish every year to the Inspector General a statement of the investments made by them in Québec, in Canada or elsewhere and for that purpose determine what constitutes an investment in Québec;

(z)  fix a maximum rate of interest exigible from the insured or participants on premiums due in group insurance of pension benefits;

(aa)  determine, for any corporation acting as insurer in Québec, as a condition for the issue or renewal of the licence contemplated in section 211, the reasonable proportion of its assets which must be invested in Québec having regard to the true value of its undertakings towards its insured in Québec;

(ab)  (paragraph repealed);

(ac)  prescribe the documents and information that must be furnished in support of an application for incorporation by an insurance company or a mutual insurance association;

(ad)  prescribe the modalities and conditions relating to issues of bonds or other evidences of indebtedness and to subordinated loans;

(ae)  prescribe the conditions that must be met by the subsidiary of an insurer under section 247.1;

(af)  prescribe the duties exigible for the incorporation and for the amendment of the articles of a mutual insurance association, a federation of mutual insurance associations or a guarantee fund corporation;

(ag)  prescribe the date or dates when a mutual benefit association is required to transmit the report of the actuary provided for in section 309;

(ah)  determine the investment that may be made out of the investment fund of a federation of mutual insurance associations, the intervals and mode of valuation of the fund and the financial disclosure requirements to participating members;

(ai)  prescribe any document that must accompany the articles of incorporation or of amendment of a mutual insurance association, of a federation of mutual insurance associations or of a guarantee fund corporation;

(aj)  define the notion of indirect control referred to in section 1.1;

(ak)  define, for the purposes of the Act, the notion of indirect holding;

(al)  determine any other principal activity for the purposes of subparagraphs d and d.1 of the first paragraph of section 245;

(am)  determine the terms and conditions according to which an insurer may invest in subsidiaries or associations whose principal activity is the purchase, management, sale or leasing of immovables, or the making of loans and investments;

(an)  determine any other investments to which the limit prescribed in subparagraph a of the first paragraph of section 245 does not apply;

(ao)  determine the other persons that are restricted parties with respect to an insurer;

(ap)  determine standards respecting the use an insurer may make of information held by it on those it insures or on the customers of another financial institution whose products it offers for sale;

(aq)  prescribe standards governing arrangements between an insurer and a financial institution for the sale of the financial products of either, and conditions permitting such arrangements to be made;

(ar)  determine the public authorities to which paragraph 6 of section 93.22 applies;

(as)  determine the cases in which the name of a mutual association suggests that it is related to another person, partnership or group, for the application of paragraph 7 of section 93.22;

(at)  determine the criteria to be taken into account in the application of paragraphs 7 and 8 of section 93.22;

(au)  prescribe the fees payable for a petition under section 93.25.

1974, c. 70, s. 420; 1979, c. 33, s. 40; 1982, c. 52, s. 80; 1984, c. 22, s. 77; 1985, c. 17, s. 47; 1987, c. 54, s. 31; 1990, c. 86, s. 50; 1989, c. 48, s. 248; 1993, c. 48, s. 166.

1991-09-01

420. In addition to the regulatory powers conferred upon it by this Act, the Government may make regulations consistent with this Act to:

(a)  determine the qualifications required of any person applying for a licence or for its renewal, the conditions that such person must comply with and the information he must furnish;

(b)  determine the categories of licences and the classes of holders of such licences and the conditions and restrictions attaching to each category and class;

(c)  determine the tenor of applications for licences and the tenor of such licences;

(d)  determine, for each class of licence or certificate holders, the nature and form of the books, accounts and registers they must keep in addition to those prescribed by this Act;

(e)  determine, for each class of licence or certificate holders, the nature and tenor of the statements they must furnish in addition to those prescribed by this Act, and the time when they must be filed;

(f)  (paragraph repealed);

(g)  determine the form of the inspection reports made for the Inspector General and the information they must contain;

(h)  determine the procedure to be followed and the notices to be given before the Inspector General suspends or cancels a licence;

(i)  oblige insurers who carry on business in Québec to furnish the Inspector General with information and statistics on their operations in Québec and to file the statements relating thereto and determine the nature of the information that must be so given and the tenor of the statements to be so filed;

(j)  determine the cases in which the expenses incurred by the Inspector General to inspect or cause to be inspected the business of an insurer shall be repaid by that insurer and the extent of these repayments;

(k)  establish a tariff of fees exigible for the incorporation of insurance companies and associations, the granting of letters patent or licences, the renewal of licences and for inspections and statements;

(l)  determine the methods to be followed for the valuation of the assets and liabilities of insurers or, where such is the case, of their insurance funds, and of the deposits required under this Act;

(m)  provide for the issue of a licence to trustees in bankruptcy or liquidators, to testamentary executors or heirs of deceased holders of licences or certificates, but only for the time necessary to allow the winding-up of the portfolio;

(n)  (paragraph repealed);

(o)  (paragraph repealed);

(p)  (paragraph repealed);

(q)  determine the conditions with which every funeral expenses insurance contract signed before 20 October 1976 must comply;

(r)  define the different classes of insurance and determine the cases and the conditions where they may be contained in a single policy;

(s)  establish the conditions applicable to group insurance contracts and their marketing, and to admission to a group of participants;

(t)  establish standards relating to the disclosure of the conditions of insurance contracts and to the presentation of the text, in particular, the printing type, and provide for the adoption by insurers of mandatory forms of insurance policies;

(u)  regulate the form of insurance policies and the minimum coverage that must be stipulated by each class of insurance policies indicated by it;

(v)  (paragraph repealed);

(w)  regulate reinsurance;

(x)  regulate the printing type and the colour of the ink to be used for the printing of clauses of exclusion or reduction of the liability of an insurer;

(y)  oblige the insurers who carry on business in Québec to furnish every year to the Inspector General a statement of the investments made by them in Québec, in Canada or elsewhere and for that purpose determine what constitutes an investment in Québec;

(z)  fix a maximum rate of interest exigible from the insured or participants on premiums due in group insurance of pension benefits;

(aa)  determine, for any corporation acting as insurer in Québec, as a condition for the issue or renewal of the licence contemplated in section 211, the reasonable proportion of its assets which must be invested in Québec having regard to the true value of its undertakings towards its insured in Québec;

(ab)  (paragraph repealed);

(ac)  prescribe the documents and information that must be furnished in support of an application for incorporation by an insurance company or a mutual insurance association;

(ad)  prescribe the modalities and conditions relating to issues of bonds or other evidences of indebtedness and to subordinated loans;

(ae)  prescribe the conditions that must be met by the subsidiary of an insurer under section 247.1;

(af)  prescribe the duties exigible for the incorporation and for the amendment of the articles of a mutual insurance association, a federation of mutual insurance associations or a guarantee fund corporation;

(ag)  prescribe the date or dates when a mutual benefit association is required to transmit the report of the actuary provided for in section 309;

(ah)  determine the investment that may be made out of the investment fund of a federation of mutual insurance associations, the intervals and mode of valuation of the fund and the financial disclosure requirements to participating members;

(ai)  prescribe any document that must accompany the articles of incorporation or of amendment of a mutual insurance association, of a federation of mutual insurance associations or of a guarantee fund corporation;

(aj)  define the notion of indirect control referred to in section 1.1;

(ak)  define, for the purposes of the Act, the notion of indirect holding;

(al)  determine any other principal activity for the purposes of subparagraphs d and d.1 of the first paragraph of section 245;

(am)  determine the terms and conditions according to which an insurer may invest in subsidiaries or associations whose principal activity is the purchase, management, sale or leasing of immovables, or the making of loans and investments;

(an)  determine any other investments to which the limit prescribed in subparagraph a of the first paragraph of section 245 does not apply;

(ao)  determine the other persons that are restricted parties with respect to an insurer;

(ap)  determine standards respecting the use an insurer may make of information held by it on those it insures or on the customers of another financial institution whose products it offers for sale;

(aq)  prescribe standards governing arrangements between an insurer and a financial institution for the sale of the financial products of either, and conditions permitting such arrangements to be made.

1974, c. 70, s. 420; 1979, c. 33, s. 40; 1982, c. 52, s. 80; 1984, c. 22, s. 77; 1985, c. 17, s. 47; 1987, c. 54, s. 31; 1990, c. 86, s. 50; 1989, c. 48, s. 248.

1991-03-15

420. In addition to the regulatory powers conferred upon it by this Act, the Government may make regulations consistent with this Act to:

(a)  determine the qualifications required of any person applying for a licence or certificate or for its renewal, the conditions that such person must comply with and the information he must furnish;

(b)  determine the categories of licences and certificates and the classes of holders of such licences and certificates and the conditions and restrictions attaching to each category and class;

(c)  determine the tenor of applications for licences and certificates and the tenor of such licences and certificates;

(d)  determine, for each class of licence or certificate holders, the nature and form of the books, accounts and registers they must keep in addition to those prescribed by this Act;

(e)  determine, for each class of licence or certificate holders, the nature and tenor of the statements they must furnish in addition to those prescribed by this Act, and the time when they must be filed;

(f)  recognize the diplomas or other proofs of studies pertaining to the profession of insurance agent or claims adjuster to be in lieu of examinations prescribed under this Act;

(g)  determine the form of the inspection reports made for the Inspector General and the information they must contain;

(h)  determine the procedure to be followed and the notices to be given before the Inspector General suspends or cancels a licence or a certificate;

(i)  oblige insurers who carry on business in Québec to furnish the Inspector General with information and statistics on their operations in Québec and to file the statements relating thereto and determine the nature of the information that must be so given and the tenor of the statements to be so filed;

(j)  determine the cases in which the expenses incurred by the Inspector General to inspect or cause to be inspected the business of an insurer shall be repaid by that insurer and the extent of these repayments;

(k)  establish a tariff of fees exigible for the incorporation of insurance companies and associations, the granting of letters patent, licences or certificates, the renewal of licences and certificates and for inspections and statements;

(l)  determine the methods to be followed for the valuation of the assets and liabilities of insurers or, where such is the case, of their insurance funds, and of the deposits required under this Act;

(m)  provide for the issue of a licence to trustees in bankruptcy or liquidators, to testamentary executors or heirs of deceased holders of licences or certificates, but only for the time necessary to allow the winding-up of the portfolio;

(n)  determine the tenor of special licences or certificates which may be issued to brokers under section 346, the conditions to be met by the persons applying for the issue or renewal of the said licences or certificates, the fees to be paid, the guarantees to be given, the books and registers to be kept, the statements to be filed with the Inspector General and the conditions of issue;

(o)  recognize the equivalence of insurance agent’s or claims adjuster’s permits, licences or certificates granted by other government;

(p)  (paragraph repealed);

(q)  determine the conditions with which every funeral expenses insurance contract signed before 20 October 1976 must comply;

(r)  define the different classes of insurance and determine the cases and the conditions where they may be contained in a single policy;

(s)  establish the conditions applicable to group insurance contracts and their marketing, and to admission to a group of participants;

(t)  establish standards relating to the disclosure of the conditions of insurance contracts and to the presentation of the text, in particular, the printing type, and provide for the adoption by insurers of mandatory forms of insurance policies;

(u)  regulate the form of insurance policies and the minimum coverage that must be stipulated by each class of insurance policies indicated by it;

(v)  exempt from the obligation of obtaining a certificate any class of staff members of an insurer as indicated by the Government;

(w)  regulate reinsurance;

(x)  regulate the printing type and the colour of the ink to be used for the printing of clauses of exclusion or reduction of the liability of an insurer;

(y)  oblige the insurers who carry on business in Québec to furnish every year to the Inspector General a statement of the investments made by them in Québec, in Canada or elsewhere and for that purpose determine what constitutes an investment in Québec;

(z)  fix a maximum rate of interest exigible from the insured or participants on premiums due in group insurance of pension benefits;

(aa)  determine, for any corporation acting as insurer in Québec, as a condition for the issue or renewal of the licence contemplated in section 211, the reasonable proportion of its assets which must be invested in Québec having regard to the true value of its undertakings towards its insured in Québec;

(ab)  determine, for the application of section 330, the manner in which the true owners of a corporation of brokers must be identified and the manner in which such corporation is to disclose their identity.

(ac)  prescribe the documents and information that must be furnished in support of an application for incorporation by an insurance company or a mutual insurance association;

(ad)  prescribe the modalities and conditions relating to issues of bonds or other evidences of indebtedness and to subordinated loans;

(ae)  prescribe the conditions that must be met by the subsidiary of an insurer under section 247.1;

(af)  prescribe the duties exigible for the incorporation and for the amendment of the articles of a mutual insurance association, a federation of mutual insurance associations or a guarantee fund corporation;

(ag)  prescribe the date or dates when a mutual benefit association is required to transmit the report of the actuary provided for in section 309;

(ah)  determine the investment that may be made out of the investment fund of a federation of mutual insurance associations, the intervals and mode of valuation of the fund and the financial disclosure requirements to participating members;

(ai)  prescribe any document that must accompany the articles of incorporation or of amendment of a mutual insurance association, of a federation of mutual insurance associations or of a guarantee fund corporation;

(aj)  define the notion of indirect control referred to in section 1.1;

(ak)  define, for the purposes of the Act, the notion of indirect holding;

(al)  determine any other principal activity for the purposes of subparagraphs d and d.1 of the first paragraph of section 245;

(am)  determine the terms and conditions according to which an insurer may invest in subsidiaries or associations whose principal activity is the purchase, management, sale or leasing of immovables, or the making of loans and investments;

(an)  determine any other investments to which the limit prescribed in subparagraph a of the first paragraph of section 245 does not apply;

(ao)  determine the other persons that are restricted parties with respect to an insurer;

(ap)  determine standards respecting the use an insurer may make of information held by it on those it insures or on the customers of another financial institution whose products it offers for sale;

(aq)  prescribe standards governing arrangements between an insurer and a financial institution for the sale of the financial products of either, and conditions permitting such arrangements to be made.

1974, c. 70, s. 420; 1979, c. 33, s. 40; 1982, c. 52, s. 80; 1984, c. 22, s. 77; 1985, c. 17, s. 47; 1987, c. 54, s. 31; 1990, c. 86, s. 50.

1987-06-23

420. In addition to the regulatory powers conferred upon it by this Act, the Government may make regulations consistent with this Act to:

(a)  determine the qualifications required of any person applying for a licence or certificate or for its renewal, the conditions that such person must comply with and the information he must furnish;

(b)  determine the categories of licences and certificates and the classes of holders of such licences and certificates and the conditions and restrictions attaching to each category and class;

(c)  determine the tenor of applications for licences and certificates and the tenor of such licences and certificates;

(d)  determine, for each class of licence or certificate holders, the nature and form of the books, accounts and registers they must keep in addition to those prescribed by this Act;

(e)  determine, for each class of licence or certificate holders, the nature and tenor of the statements they must furnish in addition to those prescribed by this Act, and the time when they must be filed;

(f)  recognize the diplomas or other proofs of studies pertaining to the profession of insurance agent or claims adjuster to be in lieu of examinations prescribed under this Act;

(g)  determine the form of the inspection reports made for the Inspector General and the information they must contain;

(h)  determine the procedure to be followed and the notices to be given before the Inspector General suspends or cancels a licence or a certificate;

(i)  oblige insurers who carry on business in Québec to furnish the Inspector General with information and statistics on their operations in Québec and to file the statements relating thereto and determine the nature of the information that must be so given and the tenor of the statements to be so filed;

(j)  determine the cases in which the expenses incurred by the Inspector General to inspect or cause to be inspected the business of an insurer shall be repaid by that insurer and the extent of these repayments;

(k)  establish a tariff of fees exigible for the incorporation of insurance companies and associations, the granting of letters patent, licences or certificates, the renewal of licences and certificates and for inspections and statements;

(l)  determine the methods to be followed for the valuation of the assets and liabilities of insurers or, where such is the case, of their insurance funds, and of the deposits required under this Act;

(m)  provide for the issue of a licence to trustees in bankruptcy or liquidators, to testamentary executors or heirs of deceased holders of licences or certificates, but only for the time necessary to allow the winding-up of the portfolio;

(n)  determine the tenor of special licences or certificates which may be issued to brokers under section 346, the conditions to be met by the persons applying for the issue or renewal of the said licences or certificates, the fees to be paid, the guarantees to be given, the books and registers to be kept, the statements to be filed with the Inspector General and the conditions of issue;

(o)  recognize the equivalence of insurance agent’s or claims adjuster’s permits, licences or certificates granted by other government;

(p)  (paragraph repealed);

(q)  determine the conditions with which every funeral expenses insurance contract signed before 20 October 1976 must comply;

(r)  define the different classes of insurance and determine the cases and the conditions where they may be contained in a single policy;

(s)  establish the conditions applicable to group insurance contracts and their marketing, and to admission to a group of participants;

(t)  establish standards relating to the disclosure of the conditions of insurance contracts and to the presentation of the text, in particular, the printing type, and provide for the adoption by insurers of mandatory forms of insurance policies;

(u)  regulate the form of insurance policies and the minimum coverage that must be stipulated by each class of insurance policies indicated by it;

(v)  exempt from the obligation of obtaining a certificate any class of staff members of an insurer as indicated by the Government;

(w)  regulate reinsurance;

(x)  regulate the printing type and the colour of the ink to be used for the printing of clauses of exclusion or reduction of the liability of an insurer;

(y)  oblige the insurers who carry on business in Québec to furnish every year to the Inspector General a statement of the investments made by them in Québec, in Canada or elsewhere and for that purpose determine what constitutes an investment in Québec;

(z)  fix a maximum rate of interest exigible from the insured or participants on premiums due in group insurance of pension benefits;

(aa)  determine, for any corporation acting as insurer in Québec, as a condition for the issue or renewal of the licence contemplated in section 211, the reasonable proportion of its assets which must be invested in Québec having regard to the true value of its undertakings towards its insured in Québec;

(ab)  determine, for the application of section 330, the manner in which the true owners of a corporation of brokers must be identified and the manner in which such corporation is to disclose their identity.

(ac)  prescribe the documents and information that must be furnished in support of an application for incorporation by an insurance company or a mutual insurance association;

(ad)  prescribe the modalities and conditions relating to issues of bonds or other evidences of indebtedness and to subordinated loans;

(ae)  prescribe the conditions that must be met by the subsidiary of an insurer under section 247.1;

(af)  prescribe the duties exigible for the incorporation and for the amendment of the articles of a mutual insurance association, a federation of mutual insurance associations or a guarantee fund corporation;

(ag)  prescribe the date or dates when a mutual benefit association is required to transmit the report of the actuary provided for in section 309;

(ah)  determine the investment that may be made out of the investment fund of a federation of mutual insurance associations, the intervals and mode of valuation of the fund and the financial disclosure requirements to participating members;

(ai)  prescribe any document that must accompany the articles of incorporation or of amendment of a mutual insurance association, of a federation of mutual insurance associations or of a guarantee fund corporation.

1974, c. 70, s. 420; 1979, c. 33, s. 40; 1982, c. 52, s. 80; 1984, c. 22, s. 77; 1985, c. 17, s. 47; 1987, c. 54, s. 31.

1985-09-11

420. In addition to the regulatory powers conferred upon it by this Act, the Government may make regulations consistent with this Act to:

(a)  determine the qualifications required of any person applying for a licence or certificate or for its renewal, the conditions that such person must comply with and the information he must furnish;

(b)  determine the categories of licences and certificates and the classes of holders of such licences and certificates and the conditions and restrictions attaching to each category and class;

(c)  determine the tenor of applications for licences and certificates and the tenor of such licences and certificates;

(d)  determine, for each class of licence or certificate holders, the nature and form of the books, accounts and registers they must keep in addition to those prescribed by this Act;

(e)  determine, for each class of licence or certificate holders, the nature and tenor of the statements they must furnish in addition to those prescribed by this Act, and the time when they must be filed;

(f)  recognize the diplomas or other proofs of studies pertaining to the profession of insurance agent or claims adjuster to be in lieu of examinations prescribed under this Act;

(g)  determine the form of the inspection reports made for the Inspector General and the information they must contain;

(h)  determine the procedure to be followed and the notices to be given before the Inspector General suspends or cancels a licence or a certificate;

(i)  oblige insurers who carry on business in Québec to furnish the Inspector General with information and statistics on their operations in Québec and to file the statements relating thereto and determine the nature of the information that must be so given and the tenor of the statements to be so filed;

(j)  determine the cases in which the expenses incurred by the Inspector General to inspect or cause to be inspected the business of an insurer shall be repaid by that insurer and the extent of these repayments;

(k)  establish a tariff of fees exigible for the incorporation of insurance companies and associations, the granting of letters patent, licences or certificates, the renewal of licences and certificates and for inspections and statements;

(l)  determine the methods to be followed for the valuation of the assets and liabilities of insurers and of the deposits required under this Act;

(m)  provide for the issue of a licence to trustees in bankruptcy or liquidators, to testamentary executors or heirs of deceased holders of licences or certificates, but only for the time necessary to allow the winding-up of the portfolio;

(n)  determine the tenor of special licences or certificates which may be issued to brokers under section 346, the conditions to be met by the persons applying for the issue or renewal of the said licences or certificates, the fees to be paid, the guarantees to be given, the books and registers to be kept, the statements to be filed with the Inspector General and the conditions of issue;

(o)  recognize the equivalence of insurance agent’s or claims adjuster’s permits, licences or certificates granted by other government;

(p)  (paragraph repealed);

(q)  determine the conditions with which every funeral expenses insurance contract signed before 20 October 1976 must comply;

(r)  define the different classes of insurance and determine the cases and the conditions where they may be contained in a single policy;

(s)  establish the conditions applicable to group insurance contracts and their marketing, and to admission to a group of participants;

(t)  establish standards relating to the disclosure of the conditions of insurance contracts and to the presentation of the text, in particular, the printing type, and provide for the adoption by insurers of mandatory forms of insurance policies;

(u)  regulate the form of insurance policies and the minimum coverage that must be stipulated by each class of insurance policies indicated by it;

(v)  exempt from the obligation of obtaining a certificate any class of staff members of an insurer as indicated by the Government;

(w)  regulate reinsurance;

(x)  regulate the printing type and the colour of the ink to be used for the printing of clauses of exclusion or reduction of the liability of an insurer;

(y)  oblige the insurers who carry on business in Québec to furnish every year to the Inspector General a statement of the investments made by them in Québec, in Canada or elsewhere and for that purpose determine what constitutes an investment in Québec;

(z)  fix a maximum rate of interest exigible from the insured or participants on premiums due in group insurance of pension benefits;

(aa)  determine, for any corporation acting as insurer in Québec, as a condition for the issue or renewal of the licence contemplated in section 211, the reasonable proportion of its assets which must be invested in Québec having regard to the true value of its undertakings towards its insured in Québec;

(ab)  determine, for the application of section 330, the manner in which the true owners of a corporation of brokers must be identified and the manner in which such corporation is to disclose their identity.

(ac)  prescribe the documents and information that must be furnished in support of an application for incorporation by an insurance company or a mutual insurance association;

(ad)  prescribe the modalities and conditions relating to issues of bonds or other evidences of indebtedness and to subordinated loans;

(ae)  prescribe the conditions that must be met by the subsidiary of an insurer under section 247.1;

(af)  prescribe the duties exigible for the incorporation and for the amendment of the articles of a mutual insurance association, a federation of mutual insurance associations or a guarantee fund corporation;

(ag)  prescribe the date or dates when a mutual benefit association is required to transmit the report of the actuary provided for in section 309;

(ah)  determine the investment that may be made out of the investment fund of a federation of mutual insurance associations, the intervals and mode of valuation of the fund and the financial disclosure requirements to participating members;

(ai)  prescribe any document that must accompany the articles of incorporation or of amendment of a mutual insurance association, of a federation of mutual insurance associations or of a guarantee fund corporation.

1974, c. 70, s. 420; 1979, c. 33, s. 40; 1982, c. 52, s. 80; 1984, c. 22, s. 77; 1985, c. 17, s. 47.

1984-06-20

420. In addition to the regulatory powers conferred upon it by this act, the Government may make regulations consistent with this act to:

(a)  determine the qualifications required of any person applying for a licence or certificate or for its renewal, the conditions that such person must comply with and the information he must furnish;

(b)  determine the categories of licences and certificates and the classes of holders of such licences and certificates and the conditions and restrictions attaching to each category and class;

(c)  determine the tenor of applications for licences and certificates and the tenor of such licences and certificates;

(d)  determine, for each class of licence or certificate holders, the nature and form of the books, accounts and registers they must keep in addition to those prescribed by this act;

(e)  determine, for each class of licence or certificate holders, the nature and tenor of the statements they must furnish in addition to those prescribed by this act, and the time when they must be filed;

(f)  recognize the diplomas or other proofs of studies pertaining to the profession of insurance agent or claims adjuster to be in lieu of examinations prescribed under this act;

(g)  determine the form of the inspection reports made for the Inspector General and the information they must contain;

(h)  determine the procedure to be followed and the notices to be given before the Inspector General suspends or cancels a licence or a certificate;

(i)  oblige insurers who carry on business in Québec to furnish the Inspector General with information and statistics on their operations in Québec and to file the statements relating thereto and determine the nature of the information that must be so given and the tenor of the statements to be so filed;

(j)  determine the cases in which the expenses incurred by the Inspector General to inspect or cause to be inspected the business of an insurer shall be repaid by that insurer and the extent of these repayments;

(k)  establish a tariff of fees exigible for the incorporation of insurance companies and associations, the granting of letters patent, licences or certificates, the renewal of licences and certificates and for inspections and statements;

(l)  determine the methods to be followed for the valuation of the assets and liabilities of insurers and of the deposits required under this act;

(m)  provide for the issue of a licence to trustees in bankruptcy or liquidators, to testamentary executors or heirs of deceased holders of licences or certificates, but only for the time necessary to allow the winding-up of the portfolio;

(n)  determine the tenor of special licences or certificates which may be issued to brokers under section 346, the conditions to be met by the persons applying for the issue or renewal of the said licences or certificates, the fees to be paid, the guarantees to be given, the books and registers to be kept, the statements to be filed with the Inspector General and the conditions of issue;

(o)  recognize the equivalence of insurance agent’s or claims adjuster’s permits, licences or certificates granted by other government;

(p)  determine the form and tenor of the subscription notes established in favour of mutual associations;

(q)  determine the conditions with which every funeral expenses insurance contract signed before 20 October 1976 must comply;

(r)  define the different classes of insurance and determine the cases and the conditions where they may be contained in a single policy;

(s)  establish the conditions applicable to group insurance contracts and their marketing, and to admission to a group of participants;

(t)  establish standards relating to the disclosure of the conditions of insurance contracts and to the presentation of the text, in particular, the printing type, and provide for the adoption by insurers of mandatory forms of insurance policies;

(u)  regulate the form of insurance policies and the minimum coverage that must be stipulated by each class of insurance policies indicated by it;

(v)  exempt from the obligation of obtaining a certificate any class of staff members of an insurer as indicated by the Government;

(w)  regulate reinsurance;

(x)  regulate the printing type and the colour of the ink to be used for the printing of clauses of exclusion or reduction of the liability of an insurer;

(y)  oblige the insurers who carry on business in Québec to furnish every year to the Inspector General a statement of the investments made by them in Québec, in Canada or elsewhere and for that purpose determine what constitutes an investment in Québec;

(z)  fix a maximum rate of interest exigible from the insured or participants on premiums due in group insurance of pension benefits;

(aa)  determine, for any corporation acting as insurer in Québec, as a condition for the issue or renewal of the licence contemplated in section 211, the reasonable proportion of its assets which must be invested in Québec having regard to the true value of its undertakings towards its insured in Québec;

(ab)  determine, for the application of section 330, the manner in which the true owners of a corporation of brokers must be identified and the manner in which such corporation is to disclose their identity.

(ac)  prescribe the documents and information that must be furnished in support of an application for incorporation by an insurance company;

(ad)  prescribe the modalities and conditions relating to issues of bonds or other evidences of indebtedness and to subordinated loans;

(ae)  prescribe the conditions that must be met by the subsidiary of an insurer under section 247.1.

1974, c. 70, s. 420; 1979, c. 33, s. 40; 1982, c. 52, s. 80; 1984, c. 22, s. 77.

1983-04-01

420. In addition to the regulatory powers conferred upon it by this act, the Government may make regulations consistent with this act to:

(a)  determine the qualifications required of any person applying for a licence or certificate or for its renewal, the conditions that such person must comply with and the information he must furnish;

(b)  determine the categories of licences and certificates and the classes of holders of such licences and certificates and the conditions and restrictions attaching to each category and class;

(c)  determine the tenor of applications for licences and certificates and the tenor of such licences and certificates;

(d)  determine, for each class of licence or certificate holders, the nature and form of the books, accounts and registers they must keep in addition to those prescribed by this act;

(e)  determine, for each class of licence or certificate holders, the nature and tenor of the statements they must furnish in addition to those prescribed by this act, and the time when they must be filed;

(f)  recognize the diplomas or other proofs of studies pertaining to the profession of insurance agent or claims adjuster to be in lieu of examinations prescribed under this act;

(g)  determine the form of the inspection reports made for the Inspector General and the information they must contain;

(h)  determine the procedure to be followed and the notices to be given before the Inspector General suspends or cancels a licence or a certificate;

(i)  oblige insurers who carry on business in Québec to furnish the Inspector General with information and statistics on their operations in Québec and to file the statements relating thereto and determine the nature of the information that must be so given and the tenor of the statements to be so filed;

(j)  determine the cases in which the expenses incurred by the Inspector General to inspect or cause to be inspected the business of an insurer shall be repaid by that insurer and the extent of these repayments;

(k)  establish a tariff of fees exigible for the incorporation of insurance companies and associations, the granting of letters patent, licences or certificates, the renewal of licences and certificates and for inspections and statements;

(l)  determine the methods to be followed for the valuation of the assets and liabilities of insurers and of the deposits required under this act;

(m)  provide for the issue of a licence to trustees in bankruptcy or liquidators, to testamentary executors or heirs of deceased holders of licences or certificates, but only for the time necessary to allow the winding-up of the portfolio;

(n)  determine the tenor of special licences or certificates which may be issued to brokers under section 346, the conditions to be met by the persons applying for the issue or renewal of the said licences or certificates, the fees to be paid, the guarantees to be given, the books and registers to be kept, the statements to be filed with the Inspector General and the conditions of issue;

(o)  recognize the equivalence of insurance agent’s or claims adjuster’s permits, licences or certificates granted by other government;

(p)  determine the form and tenor of the subscription notes established in favour of mutual associations;

(q)  determine the conditions with which every funeral expenses insurance contract signed before 20 October 1976 must comply;

(r)  define the different classes of insurance and determine the cases and the conditions where they may be contained in a single policy;

(s)  establish the conditions applicable to group insurance contracts and their marketing, and to admission to a group of participants;

(t)  establish standards relating to the disclosure of the conditions of insurance contracts and to the presentation of the text, in particular, the printing type, and provide for the adoption by insurers of mandatory forms of insurance policies;

(u)  regulate the form of insurance policies and the minimum coverage that must be stipulated by each class of insurance policies indicated by it;

(v)  exempt from the obligation of obtaining a certificate any class of staff members of an insurer as indicated by the Government;

(w)  regulate reinsurance;

(x)  regulate the printing type and the colour of the ink to be used for the printing of clauses of exclusion or reduction of the liability of an insurer;

(y)  oblige the insurers who carry on business in Québec to furnish every year to the Inspector General a statement of the investments made by them in Québec, in Canada or elsewhere and for that purpose determine what constitutes an investment in Québec;

(z)  fix a maximum rate of interest exigible from the insured or participants on premiums due in group insurance of pension benefits;

(aa)  determine, for any corporation acting as insurer in Québec, as a condition for the issue or renewal of the licence contemplated in section 217, the reasonable proportion of its assets which must be invested in Québec having regard to the true value of its undertakings towards its insured in Québec;

(ab)  determine, for the application of section 330, the manner in which the true owners of a corporation of brokers must be identified and the manner in which such corporation is to disclose their identity.

1974, c. 70, s. 420; 1979, c. 33, s. 40; 1982, c. 52, s. 80.

1979-06-22

420. In addition to the regulatory powers conferred upon it by this act, the Government may make regulations consistent with this act to:

(a)  determine the qualifications required of any person applying for a licence or certificate or for its renewal, the conditions that such person must comply with and the information he must furnish;

(b)  determine the categories of licences and certificates and the classes of holders of such licences and certificates and the conditions and restrictions attaching to each category and class;

(c)  determine the tenor of applications for licences and certificates and the tenor of such licences and certificates;

(d)  determine, for each class of licence or certificate holders, the nature and form of the books, accounts and registers they must keep in addition to those prescribed by this act;

(e)  determine, for each class of licence or certificate holders, the nature and tenor of the statements they must furnish in addition to those prescribed by this act, and the time when they must be filed;

(f)  recognize the diplomas or other proofs of studies pertaining to the profession of insurance agent or claims adjuster to be in lieu of examinations prescribed under this act;

(g)  determine the form of the inspection reports made for the Superintendent and the information they must contain;

(h)  determine the procedure to be followed and the notices to be given before the Superintendent suspends or cancels a licence or a certificate;

(i)  oblige insurers who carry on business in Québec to furnish the Superintendent with information and statistics on their operations in Québec and to file the statements relating thereto and determine the nature of the information that must be so given and the tenor of the statements to be so filed;

(j)  determine the cases in which the expenses incurred by the Superintendent to inspect or cause to be inspected the business of an insurer shall be repaid by that insurer and the extent of these repayments;

(k)  establish a tariff of fees exigible for the incorporation of insurance companies and associations, the granting of letters patent, licences or certificates, the renewal of licences and certificates and for inspections and statements;

(l)  determine the methods to be followed for the valuation of the assets and liabilities of insurers and of the deposits required under this act;

(m)  provide for the issue of a licence to trustees in bankruptcy or liquidators, to testamentary executors or heirs of deceased holders of licences or certificates, but only for the time necessary to allow the winding-up of the portfolio;

(n)  determine the tenor of special licences or certificates which may be issued to brokers under section 346, the conditions to be met by the persons applying for the issue or renewal of the said licences or certificates, the fees to be paid, the guarantees to be given, the books and registers to be kept, the statements to be filed with the Superintendent and the conditions of issue;

(o)  recognize the equivalence of insurance agent’s or claims adjuster’s permits, licences or certificates granted by other government;

(p)  determine the form and tenor of the subscription notes established in favour of mutual associations;

(q)  determine the conditions with which every funeral expenses insurance contract signed before 20 October 1976 must comply;

(r)  define the different classes of insurance and determine the cases and the conditions where they may be contained in a single policy;

(s)  establish the conditions applicable to group insurance contracts and their marketing, and to admission to a group of participants;

(t)  establish standards relating to the disclosure of the conditions of insurance contracts and to the presentation of the text, in particular, the printing type, and provide for the adoption by insurers of mandatory forms of insurance policies;

(u)  regulate the form of insurance policies and the minimum coverage that must be stipulated by each class of insurance policies indicated by it;

(v)  exempt from the obligation of obtaining a certificate any class of staff members of an insurer as indicated by the Government;

(w)  regulate reinsurance;

(x)  regulate the printing type and the colour of the ink to be used for the printing of clauses of exclusion or reduction of the liability of an insurer;

(y)  oblige the insurers who carry on business in Québec to furnish every year to the Superintendent a statement of the investments made by them in Québec, in Canada or elsewhere and for that purpose determine what constitutes an investment in Québec;

(z)  fix a maximum rate of interest exigible from the insured or participants on premiums due in group insurance of pension benefits;

(aa)  determine, for any corporation acting as insurer in Québec, as a condition for the issue or renewal of the licence contemplated in section 217, the reasonable proportion of its assets which must be invested in Québec having regard to the true value of its undertakings towards its insured in Québec;

(ab)  determine, for the application of section 330, the manner in which the true owners of a corporation of brokers must be identified and the manner in which such corporation is to disclose their identity.

1974, c. 70, s. 420; 1979, c. 33, s. 40.

1977-12-31

420. In addition to the regulatory powers conferred upon it by this act, the Gouvernement may make regulations consistent with this act to:

(a)  determine the qualifications required of any person applying for a licence or certificate or for its renewal, the conditions that such person must comply with and the information he must furnish;

(b)  determine the categories of licences and certificates and the classes of holders of such licences and certificates and the conditions and restrictions attaching to each category and class;

(c)  determine the form and tenor of applications for licences and certificates and the form and tenor of such licences and certificates;

(d)  determine, for each class of licence or certificate holders, the nature and form of the books, accounts and registers they must keep in addition to those prescribed by this act;

(e)  determine, for each class of licence or certificate holders, the nature, form and content of the statements they must furnish in addition to those prescribed by this act, and the time when they must be filed;

(f)  prescribe, for each class of licence or certificate holders, the nature of the audits relating to the statements to be presented to the Superintendent and the form of the auditor’s attestation;

(g)  determine the form of the inspection reports made for the Superintendent and the information they must contain;

(h)  determine the procedure to be followed and the notices to be given before the Superintendent suspends or cancels a licence or a certificate;

(i)  oblige insurers who carry on business in Québec to furnish the Superintendent with information and statistics on their operations in Québec and to file the statements relating thereto and determine the nature of the information that must be so given as well as the form and tenor of the statements to be so filed;

(j)  determine the cases in which the expenses incurred by the Superintendent to inspect or cause to be inspected the business of an insurer shall be repaid by that insurer and the extent of these repayments;

(k)  establish a tariff of fees exigible for the incorporation of insurance companies and associations, the granting of letters patent, licences or certificates, the renewal of licences and certificates and for inspections and statements;

(l)  determine the methods to be followed for the valuation of the assets and liabilities of insurers and of the deposits required under this act;

(m)  provide for the issue of a licence to trustees in bankruptcy or liquidators, to testamentary executors or heirs of deceased holders of licences or certificates, but only for the time necessary to allow the winding-up of the portfolio;

(n)  determine the form and tenor of special licences or certificates which may be issued to brokers under section 346, the conditions to be met by the persons applying for the issue or renewal of the said licences or certificates, the fees to be paid, the guarantees to be given, the books and registers to be kept, the statements to be filed with the Superintendent and the conditions of issue;

(o)  recognize, on condition of reciprocity considered satisfactory by the Gouvernement, the equivalence of insurance agent’s or claims adjuster’s permits, licences or certificates granted by other governments of Canada;

(p)  determine the form and tenor of the subscription notes established in favour of mutual associations;

(q)  determine the conditions with which every funeral expenses insurance contract signed before 20 October 1976 must comply;

(r)  define the different classes of insurance and determine the cases and the conditions where they may be contained in a single policy;

(s)  establish the conditions applicable to group insurance contracts and their marketing, and to admission to a group of participants;

(t)  establish standards relating to the disclosure of the conditions of insurance contracts and to the presentation of the text, in particular, the printing type, and provide for the adoption by insurers of mandatory forms of insurance policies;

(u)  regulate the form of insurance policies and the minimum coverage that must be stipulated by each class of insurance policies indicated by it;

(v)  exempt from the obligation of obtaining a certificate any class of staff members of an insurer as indicated by the Gouvernement;

(w)  regulate reinsurance;

(x)  regulate the printing type and the colour of the ink to be used for the printing of clauses of exclusion or reduction of the liability of an insurer;

(y)  oblige the insurers who carry on business in Québec to furnish every year to the Superintendent a statement of the investments made by them in Québec, in Canada or elsewhere and for that purpose determine what constitutes an investment in Québec;

(z)  fix a maximum rate of interest exigible from the insured or participants on premiums due in group insurance of pension benefits;

(aa)  determine, for any corporation acting as insurer in Québec, as a condition for the issue or renewal of the licence contemplated in section 217, the reasonable proportion of its assets which must be invested in Québec having regard to the true value of its undertakings towards its insured in Québec;

(ab)  determine, for the application of section 330, the manner in which the true owners of a corporation of brokers must be identified and the manner in which such corporation is to disclose their identity.

1974, c. 70, s. 420.