C-26, r. 116.02 - Regulation respecting the practice of the profession of occupational therapist within a partnership or a joint-stock company

Section 7 Disposition versions

2016-01-01

7. Such coverage must provide the following minimum conditions:

(1)  an undertaking by the insurer to pay on behalf of the partnership or joint-stock company any sum that the partnership or joint-stock company may be legally bound to pay to a third party regarding a claim filed during the coverage period as a result of a fault on the part of an occupational therapist in the course of carrying on professional activities within the partnership or joint-stock company;

(2)  an undertaking by the insurer to take up the cause of the partnership or joint-stock company and defend it in any action against it and to pay, in addition to the amounts covered by the security, all expenses and legal costs of proceedings against the partnership or joint-stock company, including those of the inquiry and defence, and interest on the amount of the security;

(3)  an undertaking by the insurer that the security extends to all claims submitted in the 5 years after the coverage period during which a member in the partnership or joint-stock company dies, withdraws from the partnership or joint-stock company, or ceases to be a member of the Order, in order to maintain coverage for the partnership or joint-stock company for fault on the part of an occupational therapist while carrying on professional activities within the partnership or joint-stock company;

(4)  an amount of security of at least $1,000,000 per claim, for a maximum of $3,000,000 for all claims filed against the partnership or joint-stock company within a coverage period not exceeding 12 months regardless of the number of occupational therapists in the partnership or joint-stock company;

(5)  an undertaking by the insurer to provide the secretary of the Order with a 30-day notice of intent to cancel the insurance contract, to amend it in relation to a condition of this section, or not to renew the contract.

O.C. 341-2015, s. 7; I.N. 2016-01-01 (NCCP).

2015-05-14

7. Such coverage must provide the following minimum conditions:

(1)  an undertaking by the insurer to pay on behalf of the partnership or joint-stock company any sum that the partnership or joint-stock company may be legally bound to pay to a third party regarding a claim filed during the coverage period as a result of a fault on the part of an occupational therapist in the course of carrying on professional activities within the partnership or joint-stock company;

(2)  an undertaking by the insurer to take up the cause of the partnership or joint-stock company and defend it in any action against it and to pay, in addition to the amounts covered by the security, all costs and expenses of proceedings against the partnership or joint-stock company, including the costs of the inquiry and defence, and interest on the amount of the security;

(3)  an undertaking by the insurer that the security extends to all claims submitted in the 5 years after the coverage period during which a member in the partnership or joint-stock company dies, withdraws from the partnership or joint-stock company, or ceases to be a member of the Order, in order to maintain coverage for the partnership or joint-stock company for fault on the part of an occupational therapist while carrying on professional activities within the partnership or joint-stock company;

(4)  an amount of security of at least $1,000,000 per claim, for a maximum of $3,000,000 for all claims filed against the partnership or joint-stock company within a coverage period not exceeding 12 months regardless of the number of occupational therapists in the partnership or joint-stock company;

(5)  an undertaking by the insurer to provide the secretary of the Order with a 30-day notice of intent to cancel the insurance contract, to amend it in relation to a condition of this section, or not to renew the contract.

O.C. 341-2015, s. 7.