C-26, r. 34 - Regulation respecting the indemnity fund of the Ordre des comptables en management accrédités du Québec

Section 15 Disposition versions

2012-09-01

15. The maximum indemnity payable from the fund for the period covering the financial year of the Order is set at $75,000 for all claims against a member.

Where the board of directors believes that claims in excess of that amount may be filed against a given member, it suspends the payment of indemnities until it has reviewed all claims concerning that member. The board of directors must

(1)  cause a notice to be published in a newspaper having general circulation in the location where the member has or had his or her professional domicile, inviting all persons to inform the Order of claims for which an indemnity is likely to be paid in accordance with this Regulation;

(2)  cause an inventory to be made of the funds or property entrusted to the member and notify in writing the persons likely to file a claim.

The maximum indemnity must be reviewed every 5 years from 8 December 2010.

O.C. 945-2010, s. 15.