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A-32.1 - Insurers Act

Section 416
Disposition versions

Full text
416. The guarantee fund of a federation is to be used to provide financial support to its member companies in order to protect the rights of their insureds and of the holders of insurance contracts that they underwrite.
The fund consists of capital made up of the contributions of the member companies and, if applicable, the remaining property from the liquidation of a member company.
2018, c. 23, s. 3.
In force: 2019-06-13
416. The guarantee fund of a federation is to be used to provide financial support to its member companies in order to protect the rights of their insureds and of the holders of insurance contracts that they underwrite.
The fund consists of capital made up of the contributions of the member companies and, if applicable, the remaining property from the liquidation of a member company.
2018, c. 23, s. 3.
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