C-26, r. 218 - Regulation respecting the practice of the profession of psychologist within a partnership or a joint-stock company

Section 5 Disposition versions

2016-01-01

5. The security must include:

(1)  an undertaking by the insurer or 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 psychologist pursuant to the Règlement sur l’assurance de la responsabilité professionnelle des membres de l’Ordre des psychologues du Québec (chapter C-26, r. 210) 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 on the part of the psychologist in carrying on professional activities within the partnership or joint-stock company;

(2)  an undertaking by the insurer or 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 expenses and legal costs of actions against the partnership or joint-stock company, including those of the inquiry and defence and interest on the amount of the security;

(3)  an undertaking that the security extends to all claims submitted in the 5 years after the date on which a psychologist in the partnership or joint-stock company dies, withdraws from the partnership or joint-stock company or ceases to be a member of the Order, in order to maintain coverage for the partnership or joint-stock company for fault on the part of the psychologist while carrying on professional activities within the partnership or joint-stock company;

(4)  an amount of at least $1,000,000 per claim and $3,000,000 for all claims filed against the partnership or joint-stock company within a 12-month coverage period; and

(5)  an undertaking by the insurer or surety to provide the secretary of the Order with a 30-day notice of intent to cancel the insurance or suretyship contract, to amend a condition of this section or not to renew the contract.

O.C. 80-2011, s. 5; I.N. 2016-01-01 (NCCP).

2012-09-01

5. The security must include:

(1)  an undertaking by the insurer or 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 psychologist pursuant to the Règlement sur l’assurance de la responsabilité professionnelle des membres de l’Ordre des psychologues du Québec (chapter C-26, r. 210) 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 on the part of the psychologist in carrying on professional activities within the partnership or joint-stock company;

(2)  an undertaking by the insurer or 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 of actions against the partnership or joint-stock company, including the costs of the inquiry and defence and interest on the amount of the security;

(3)  an undertaking that the security extends to all claims submitted in the 5 years after the date on which a psychologist in the partnership or joint-stock company dies, withdraws from the partnership or joint-stock company or ceases to be a member of the Order, in order to maintain coverage for the partnership or joint-stock company for fault on the part of the psychologist while carrying on professional activities within the partnership or joint-stock company;

(4)  an amount of at least $1,000,000 per claim and $3,000,000 for all claims filed against the partnership or joint-stock company within a 12-month coverage period; and

(5)  an undertaking by the insurer or surety to provide the secretary of the Order with a 30-day notice of intent to cancel the insurance or suretyship contract, to amend a condition of this section or not to renew the contract.

O.C. 80-2011, s. 5.