A-30 - Crop Insurance Act

Section 70 Disposition versions

1998-10-21

70. The assessments of insured persons and the contributions of the Government shall constitute a crop insurance fund called “Fonds d’assurance-récolte”.

The fund shall constitute a trust patrimony appropriated mainly to the payment of the indemnities payable under an insurance system created pursuant to this Act. The fund shall be administered by the Régie for the benefit of insured persons and the Régie shall act as trustee of the fund.

In addition to the assessments of insured persons and the contributions of the Government, the fund shall be composed of

(a)  the sums paid by the Minister of Finance as advances taken out of the Consolidated Revenue Fund pursuant to section 71;

(b)  the amount of a loan contracted by the Régie under sections 71.1 and 71.3;

(c)  the revenues derived from the investment of the sums making up the fund; and

(d)  any sum that may be paid by the Minister of Agriculture, Fisheries and Food under an agreement entered into pursuant to section 73.

1974, c. 31, s. 70; 1977, c. 5, s. 14; 1998, c. 53, s. 14.

1977-12-31

70. The assessments of insured persons and the contributions of the Government shall constitute a fund for the payment of indemnities and compensations and shall be entered in separate accounts for each category of crops, as shall the indemnities paid for each of such categories.

1974, c. 31, s. 70; 1977, c. 5, s. 14.