Consolidated Statutes and Regulations
Consolidated Statutes
Consolidated Regulations
Annual Statutes and Regulations
Annual Statutes
Annual Regulations
Additional information
Québec Official Publisher
What’s new?
Information note
Policy of the Minister of Justice
Laws: Amendments
Laws: Provisions not in force
Laws: Provisions brought into force
Annual Statutes: PDF versions since 1996
Regulations: Amendments
Annual Regulations: PDF versions since 1996
Court Decisions
I-13.2.2, r. 1 - Regulation respecting the application of the Deposit Institutions and Deposit Protection Act
Section 15
Disposition versions
15. The amount of the premium payable by an authorized deposit institution for the accounting period during which it becomes an authorized deposit institution is equal to the greater of the following amounts:
(1) a fraction of 0.075% of an amount equal to the total of the portion of each deposit of money that is guaranteed by the Authority under section 33.1 of the Act and that is on deposit with the deposit institution on the last day of the month during which it became an authorized deposit institution;
(2) a fraction of $5,000.
The fraction is obtained by dividing by 365 the number of days in the accounting period for premiums during which the guarantee provided for in section 33.1 of the Act is in force.
During an accounting period for premiums, where an authorized deposit institution is continued pursuant to the Insurance Companies Act (S.C. 1991, c. 47) or the Trust and Loan Companies Act (S.C. 1991, c. 45), the portion of the unearned premium is reimbursed to the authorized deposit institution.
15. The amount of the premium payable by an authorized deposit institution for the accounting period during which it becomes an authorized deposit institution is equal to the greater of the following amounts:
(1) a fraction of 1/20 of 1% of an amount equal to the total of the portion of each deposit of money that is guaranteed by the Authority under section 33.1 of the Act and that is on deposit with the deposit institution on the last day of the month during which it became an authorized deposit institution;
(2) a fraction of $5,000.
The fraction is obtained by dividing by 365 the number of days in the accounting period for premiums during which the guarantee provided for in section 33.1 of the Act is in force.
During an accounting period for premiums, where an authorized deposit institution is continued pursuant to the Insurance Companies Act (S.C. 1991, c. 47) or the Trust and Loan Companies Act (S.C. 1991, c. 45), the portion of the unearned premium is reimbursed to the authorized deposit institution.
15. The amount of the premium payable by an authorized deposit institution for the accounting period during which it becomes an authorized deposit institution is equal to the greater of the following amounts:
(1) a fraction of 1/25 of 1% of an amount equal to the total of the portion of each deposit of money that is guaranteed by the Authority under section 33.1 of the Act and that is on deposit with the deposit institution on the last day of the month during which it became an authorized deposit institution;
(2) a fraction of $5,000.
The fraction is obtained by dividing by 365 the number of days in the accounting period for premiums during which the guarantee provided for in section 33.1 of the Act is in force.
During an accounting period for premiums, where an authorized deposit institution is continued pursuant to the Insurance Companies Act (S.C. 1991, c. 47) or the Trust and Loan Companies Act (S.C. 1991, c. 45), the portion of the unearned premium is reimbursed to the authorized deposit institution.
15. The amount of the premium payable by a registered institution for the accounting period during which it becomes a registered institution is equal to the greater of the following amounts:
(1) a fraction of 1/25 of 1% of an amount equal to the total of the portion of each deposit that is guaranteed by the Authority under section 33.1 of the Act and that is on deposit with the institution on the last day of the month during which it became a registered institution;
(2) a fraction of $5,000.
The fraction is obtained by dividing by 365 the number of days in the accounting period for premiums during which the guarantee provided for in section 33.1 of the Act is in force.
During an accounting period for premiums, where a registered institution is continued pursuant to the Insurance Companies Act (S.C. 1991, c. 47) or the Trust and Loan Companies Act (S.C. 1991, c. 45), the portion of the unearned premium is reimbursed to the registered institution.
