C-26, r. 18 - Regulation respecting the indemnity fund of the Ordre des administrateurs agréés du Québec

Section 2 Disposition versions

2012-09-01

2. The fund shall be maintained at a minimum amount of $100,000. Less any administrative expenses related to the fund, it consists of:

(1)  the sums already allocated for that purpose at 13 May 2010;

(2)  the sums allocated therefore by the board of directors;

(3)  the assessments fixed for that purpose;

(4)  the sums recovered from the offending chartered administrator under a subrogation or pursuant to section 159 of the Professional Code (chapter C-26);

(5)  interests and other income generated by the sums constituting the fund;

(6)  the sums of money which may be paid by an insurer or reinsurance company under an insurance policy subscribed by the Order for all its members;

(7)  sums received by the Order for the fund;

(8)  interest and other income generated by the chartered administrator general trust accounts.

O.C. 335-2010, s. 2.