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A-32.1 - Insurers Act

Section 433
Disposition versions

Full text
433. The federation is alone liable for a failure to comply for which one of its member companies is held liable under Chapter III of Title II.
In addition, the federation must ensure that each group in its financial group complies with a prohibition imposed on such a company by this Act not only when each of those groups is acting alone, but also when the acts or omissions of all or some of them would have contravened the prohibition had they been done or made by only one of them.
2018, c. 23, s. 3.
In force: 2019-06-13
433. The federation is alone liable for a failure to comply for which one of its member companies is held liable under Chapter III of Title II.
In addition, the federation must ensure that each group in its financial group complies with a prohibition imposed on such a company by this Act not only when each of those groups is acting alone, but also when the acts or omissions of all or some of them would have contravened the prohibition had they been done or made by only one of them.
2018, c. 23, s. 3.
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