101. The audit committee and the ethics committee of an authorized Québec insurer are each composed of at least three directors, a majority of whom are not(1) officers or employees of the insurer;
(2) members of both the ethics committee and the audit committee;
(3) directors, officers or other mandataries or employees of a group of which the insurer is the holder of control; or
(4) holders of a significant interest in the insurer or in a business corporation affiliated with the insurer.