G-1.01, r. 3.001.1 - Regulation respecting the practice of the profession of geologist within a partnership or a joint-stock company

Section 9 Disposition versions

2016-01-01

9. The security must provide the following minimum terms:

(1)  an undertaking by the insurer or the surety to pay in lieu of the partnership or joint-stock company, over and above the amount of the security to be furnished by the geologist pursuant to the Règlement sur l’assurance de la responsabilité professionnelle des membres de l’Ordre des géologues du Québec (chapter G-1.01, r. 2), or of any other coverage taken out by the geologist if it is greater, up to the amount of the security, 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 or negligence on the part of the geologist committed while carrying on professional activities within the partnership or joint-stock company;

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

(3)  an undertaking to maintain the security against all claims filed during the 5 years following the coverage period during which a geologist of the partnership or joint-stock company dies, leaves the partnership or joint-stock company or ceases to be a member of the Order;

(4)  a security amount of at least $1,000,000 per claim and for all claims filed against the partnership or joint-stock company during a 12-month coverage period;

(5)  where a geologist is a sole practitioner, as the unique shareholder of a joint-stock company in which no other geologist is an employee, the coverage must be at least $250,000 per claim and $500,000 for all claims filed against the company in a 12-month coverage period; and

(6)  an undertaking by the insurer or surety to give 30 days’ notice to the secretary of the Order prior to any cancellation or non-renewal of the insurance or suretyship contract or any amendment to the contract if the amendment affects a condition set out in this Regulation.

O.C. 221-2013, s. 9; I.N. 2016-01-01 (NCCP).

2013-04-18

9. The security must provide the following minimum terms:

(1)  an undertaking by the insurer or the surety to pay in lieu of the partnership or joint-stock company, over and above the amount of the security to be furnished by the geologist pursuant to the Règlement sur l’assurance de la responsabilité professionnelle des membres de l’Ordre des géologues du Québec (chapter G-1.01, r. 2), or of any other coverage taken out by the geologist if it is greater, up to the amount of the security, 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 or negligence on the part of the geologist committed while carrying on professional activities within the partnership or joint-stock company;

(2)  an undertaking by the insurer or the surety to take up the cause of the partnership or joint-stock company and defend it in any action against it and to pay, in addition to the amounts covered by the security, all costs and expenses of proceedings 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 to maintain the security against all claims filed during the 5 years following the coverage period during which a geologist of the partnership or joint-stock company dies, leaves the partnership or joint-stock company or ceases to be a member of the Order;

(4)  a security amount of at least $1,000,000 per claim and for all claims filed against the partnership or joint-stock company during a 12-month coverage period;

(5)  where a geologist is a sole practitioner, as the unique shareholder of a joint-stock company in which no other geologist is an employee, the coverage must be at least $250,000 per claim and $500,000 for all claims filed against the company in a 12-month coverage period; and

(6)  an undertaking by the insurer or surety to give 30 days’ notice to the secretary of the Order prior to any cancellation or non-renewal of the insurance or suretyship contract or any amendment to the contract if the amendment affects a condition set out in this Regulation.

O.C. 221-2013, s. 9.