B-1.1, r. 9 - Regulation respecting the professional qualification of contractors and owner-builders

Section 32 Disposition versions

2012-09-01

32. The surety is required to fulfil its obligation up to the amount required by section 27.

Despite the foregoing, in the case of security provided by a group surety insurance policy for the members of an association of contractors, the total amount of the policy is established as follows:

(1)  $250,000 if the association has fewer than 1,000 members;

(2)  $500,000 if the association has a minimum of 1,000 members but fewer than 5,000 members; and

(3)  $1,000,000 if the association has 5,000 members or more.

O.C. 314-2008, s. 32.