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A-32.1, r. 1 - Regulation under the Act respecting insurance
Section 38
Disposition versions
38. In accordance with subparagraph 2 of the first paragraph of section 244.2 of the Act respecting insurance (chapter A-32), an insurer may acquire the shares of a legal person
(1) whose principal activity is the purchase, management, sale or leasing of immovables;
(2) whose principal activity is the offering of shares in investment portfolios, the making of loans and investments, factoring, leasing, the offering of computing services or actuarial advisory services;
(3) whose principal activity is complementary to the distribution of certain insurance products such as travel assistance, legal assistance and road assistance; or
(4) whose activities are those of a firm within the meaning of the Act respecting the distribution of financial products and services (chapter D-9.2) or that offers financial products and services outside Québec.
38. In accordance with subparagraph 2 of the first paragraph of section 244.2 of the Act respecting insurance (chapter A-32), an insurer may acquire the shares of a legal person
(1) whose principal activity is the purchase, management, sale or leasing of immovables;
(2) whose principal activity is the offering of shares in investment portfolios, the making of loans and investments, factoring, leasing, the offering of computing services or actuarial advisory services;
(3) whose principal activity is complementary to the distribution of certain insurance products such as travel assistance, legal assistance and road assistance; or
(4) whose activities are those of a firm within the meaning of the Act respecting the distribution of financial products and services (chapter D-9.2) or that offers financial products and services outside Québec.
