A-25 - Automobile Insurance Act

Section 168 Disposition versions

1990-01-01

168. At the commencement of each financial year, the Groupement shall prepare a budget of its revenues and expenditures for that year, and levy a provisional assessment from the authorized insurers on the basis of this budget; it may also levy a supplementary assessment during the year; at the end of the year, it shall levy a final assessment or, as the case may be, refund the over-assessment, as indicated by the balance-sheet of its actual revenues and expenditures.

Assessments and refunds are computed for each insurer proportionally to the amount of direct gross premiums collected for automobile insurance in Québec in the preceding year.

1977, c. 68, s. 168; 1989, c. 47, s. 5.

1978-01-11

168. At the commencement of each financial year, the Corporation shall prepare a budget of its revenues and expenditures for that year, and levy a provisional assessment from the authorized insurers on the basis of this budget; it may also levy a supplementary assessment during the year; at the end of the year, it shall levy a final assessment or, as the case may be, refund the over-assessment, as indicated by the balance-sheet of its actual revenues and expenditures.

Assessments and refunds are computed for each insurer proportionally to the amount of direct gross premiums collected for automobile insurance in Québec in the preceding year.

1977, c. 68, s. 168.