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CCQ-1991 - Civil Code of Québec

Section 2384
Disposition versions

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2384. The debtor of an annuity may appoint an authorized insurer to replace him, by paying that insurer the value of the annuity.
Similarly, the owner of an immovable charged as security for the payment of the annuity may substitute the security offered by an authorized insurer for that securing the annuity.
The annuitant may not object to the substitution, but he may require that the purchase of the annuity be made with another insurer, or he may contest the determined capital value or the value of the annuity arising therefrom.
1991, c. 64, a. 2384; I.N. 2014-05-01.
2384. The debtor of an annuity may appoint an authorized insurer to replace him, by paying him the value of the annuity.
Similarly, the owner of an immovable charged as security for the payment of the annuity may substitute the security offered by an authorized insurer for that securing the annuity.
The annuitant may not object to the substitution, but he may require that the purchase of the annuity be made with another insurer, or he may contest the determined capital value or the value of the annuity arising therefrom.
1991, c. 64, a. 2384.
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