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P-40.1, r. 3 - Regulation respecting the application of the Consumer Protection Act
Section 118
Disposition versions
118. Each of the permit holders covered by a group security policy must be identified by a member’s certificate containing the following information:
(a) the name of the surety;
(b) the name of the group for which the surety furnishes security;
(c) the member’s certificate number of the group;
(d) the amount of security payable pursuant to section 104, 108 to 108.1.3.3;
(e) the number of the group security policy and its date of issue;
(f) a statement that the permit holder is a member of the group and is covered by the group security policy;
(g) the signature of a duly authorized representative of the surety or of the association authorized by the surety, and the date of issue.
The surety may cancel the member’s certificate only by sending at least 90 days’ written notice to the president along with proof that a copy of the notice was notified to the dealer. The notice must be at least 45 days in the case of security furnished for a road vehicle dealer or recycler.
118. Each of the permit holders covered by a group security policy must be identified by a member’s certificate containing the following information:
(a) the name of the surety;
(b) the name of the group for which the surety furnishes security;
(c) the member’s certificate number of the group;
(d) the amount of security payable pursuant to section 104, 108 to 108.1.3;
(e) the number of the group security policy and its date of issue;
(f) a statement that the permit holder is a member of the group and is covered by the group security policy;
(g) the signature of a duly authorized representative of the surety or of the association authorized by the surety, and the date of issue.
The surety may cancel the member’s certificate only by sending at least 90 days’ written notice to the president along with proof that a copy of the notice was notified to the dealer. The notice must be at least 45 days in the case of security furnished for a road vehicle dealer or recycler.
118. Each of the permit holders covered by a group security policy must be identified by a member’s certificate containing the following information:
(a) the name of the surety;
(b) the name of the group for which the surety furnishes security;
(c) the member’s certificate number of the group;
(d) the amount of security payable pursuant to section 104, 108 or 108.1;
(e) the number of the group security policy and its date of issue;
(f) a statement that the permit holder is a member of the group and is covered by the group security policy;
(g) the signature of a duly authorized representative of the surety or of the association authorized by the surety, and the date of issue.
