A-32.1 - Insurers Act

Section 432 Disposition versions

2019-06-13

432. A federation may, in particular,

(1)  develop policies on the carrying on by member companies of their activities;

(2)  examine the books and accounts of member companies;

(3)  whenever it considers it necessary, require member companies to provide any information and file any document;

(4)  enter into agreements with member companies for the supervision, administration or management of their affairs for a specified period;

(5)  designate the insurers with which member companies may enter into contracts of reinsurance;

(6)  negotiate reinsurance agreements for member companies;

(7)  act as receiver in accordance with Chapter III.1 of Title I of the Act respecting the regulation of the financial sector (chapter E-6.1); and

(8)  act as the liquidator or sequestrator of a member company.

2018, c. 23, s. 3.

Not in force

In force: 2019-06-13

432. A federation may, in particular,

(1)  develop policies on the carrying on by member companies of their activities;

(2)  examine the books and accounts of member companies;

(3)  whenever it considers it necessary, require member companies to provide any information and file any document;

(4)  enter into agreements with member companies for the supervision, administration or management of their affairs for a specified period;

(5)  designate the insurers with which member companies may enter into contracts of reinsurance;

(6)  negotiate reinsurance agreements for member companies;

(7)  act as receiver in accordance with Chapter III.1 of Title I of the Act respecting the regulation of the financial sector (chapter E-6.1); and

(8)  act as the liquidator or sequestrator of a member company.

2018, c. 23, s. 3.