C-73.1, r. 2 - By-law of the Association des courtiers et agents immobiliers du Québec

Section 60 Disposition versions

2012-09-01

60. An insurance policy shall contain the following stipulations:

(1)  the guarantee shall cover the pecuniary consequences of the civil liability provided for in section 53;

(2)  the guarantee shall extend to services rendered prior to the coming into force of the insurance policy and to failure to render services;

(3)  the guarantee shall extend to any claim filed within 3 years following the insurance period during which a certificate holder referred to in section 53 ceases to act as a real estate broker;

(4)  the surety shall notify the Association in writing of any amendment to the contract as soon as it occurs;

(5)  the surety shall notify the Association in writing of the cancellation or non-renewal of the contract at least 60 days prior to that cancellation or not later than 30 days following that non-renewal, as the case may be; that notice shall be accompanied by written proof that such a notice was sent to a certificate holder referred to in section 53.

O.C. 1865-93, s. 60.