I-3, r. 1 - Regulation respecting the Taxation Act

Section 840r6 Disposition versions

2023-09-26

840R6. (Revoked).

s. 840R4; O.C. 3926-80, s. 32; R.R.Q., 1981, c. I-3, r. 1, s. 840R4; O.C. 1471-91, s. 27; O.C. 1466-98, s. 126; O.C. 1463-2001, s. 99; O.C. 134-2009, s. 1; S.Q. 2023, c. 19, s. 166.

2012-09-01

840R6. For the purposes of this chapter, the following rules apply:

(a)  the reference to a premium paid by the policyholder is, depending on the method regularly followed by the insurer in computing its income, to be read as a reference to a premium paid or payable by that policyholder;

(b)  in computing the premium paid by a policyholder in respect of that policy, the insurer may deduct the part of the premium that

i.  may reasonably be considered, at the time when the policy is issued, to be a deposit that, in accordance with the terms of the policy or the by-laws of the insurer, will be returned to the policyholder or credited to the policyholder’s account by the insurer on the termination of the policy, and

ii.  was not otherwise deducted under section 832 of the Act.

s. 840R4; O.C. 3926-80, s. 32; R.R.Q., 1981, c. I-3, r. 1, s. 840R4; O.C. 1471-91, s. 27; O.C. 1466-98, s. 126; O.C. 1463-2001, s. 99; O.C. 134-2009, s. 1.