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A-32.1 - Insurers Act
Section 208.1
Disposition versions
208.1. An insurance association may apply to become regulated by this Title only if the contract by which it is constituted was entered into by at least five parties for the sole purpose of carrying on insurer activities and if the contract contains the measures provided for in section 188.
The five parties must be qualified to serve as directors of the association, unless the directors have already been designated.
