C-26, r. 291.02 - Regulation respecting the practice of members of the Ordre des travailleurs sociaux et des thérapeutes conjugaux et familiaux du Québec within a partnership or a joint-stock company

Section 8 Disposition versions

2020-11-01

8. The security must include the following minimum conditions:

(1)  an undertaking by the insurer to pay in lieu 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 person on a claim filed during the coverage period and arising from fault on the part of the member committed while carrying on the profession;

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

(3)  an undertaking by the insurer that the security extends to all claims submitted against the partnership or joint-stock company in the 5 years following the year the members cease to maintain it;

(4)  an amount of security, regardless of the number of members of the Order in the partnership or joint-stock company, of at least $2,000,000 per claim and at least $2,000,000 for all claims filed against the partnership or joint-stock company during a 12-month coverage period;

(5)  an undertaking by the insurer to provide the secretary of the Order with a 30-day notice prior to any cancellation or amendment to the insurance contract if the amendment affects a condition set out in this section or to any non-renewal of the contract.

O.C. 98-2020, s. 8.

Not in force

In force: 2020-11-01

8. The security must include the following minimum conditions:

(1)  an undertaking by the insurer to pay in lieu 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 person on a claim filed during the coverage period and arising from fault on the part of the member committed while carrying on the profession;

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

(3)  an undertaking by the insurer that the security extends to all claims submitted against the partnership or joint-stock company in the 5 years following the year the members cease to maintain it;

(4)  an amount of security, regardless of the number of members of the Order in the partnership or joint-stock company, of at least $2,000,000 per claim and at least $2,000,000 for all claims filed against the partnership or joint-stock company during a 12-month coverage period;

(5)  an undertaking by the insurer to provide the secretary of the Order with a 30-day notice prior to any cancellation or amendment to the insurance contract if the amendment affects a condition set out in this section or to any non-renewal of the contract.

O.C. 98-2020, s. 8.