229. The organization of an insurance company concludes when the Authority grants or refuses to grant its authorization or when such authorization has not been obtained on the expiry of a one-year period after the corporation became regulated by this Title without there having been a refusal to grant it.
The Minister may, on the company’s application, extend its organization for a period not exceeding one year.
2018, c. 23, s. 32018, c. 23, s. 3.