D-9.2, r. 16.1 - Regulation respecting Alternative Distribution Methods

Section 35 Disposition versions

2019-06-13

35. For insurance products referred to in paragraph 5 of section 424 and paragraph 1 of section 426 of the Act respecting the distribution of financial products and services (chapter D-9.2), no insurer may:

(1)  enable the distributor to keep its remuneration within a time period not commensurate with the term of the product, which time period may not, however, be less than 180 days;

(2)  pay to the distributor a bonus or a share in the profits based on contract experience;

(3)  set different commission rates applicable to a distributor for products with similar insurance coverage.

M.O. 2019-05, s. 35.

Not in force

In force: 2019-06-13

35. For insurance products referred to in paragraph 5 of section 424 and paragraph 1 of section 426 of the Act respecting the distribution of financial products and services (chapter D-9.2), no insurer may:

(1)  enable the distributor to keep its remuneration within a time period not commensurate with the term of the product, which time period may not, however, be less than 180 days;

(2)  pay to the distributor a bonus or a share in the profits based on contract experience;

(3)  set different commission rates applicable to a distributor for products with similar insurance coverage.

M.O. 2019-05, s. 35.