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A-32 - Act respecting insurance

Section 174.2
Disposition versions

Full text
174.2. To obtain the Minister’s authorization, the professional order shall transmit to the Authority an application signed by its president and stating
(1)  that a by-law was passed to impose on its members, certain classes of them and, where applicable, those who carry on their professional activities within a partnership or company in accordance with section 187.11 of the Professional Code (chapter C‐26) the obligation to contribute to a professional liability insurance fund;
(2)  that it has passed a resolution for the creation of such an insurance fund;
(3)  that the sums which will be payable by its members will be sufficient to provide for the financing of its insurance transactions and to maintain a surplus of assets over liabilities equal to or greater than the minimum amount required pursuant to section 275.
However, if the professional order is already authorized to insure its members in respect of professional liability, the order shall, before it may provide liability insurance to a partnership or company within which members of the order are authorized to carry on their professional activities in accordance with section 187.11 of the Professional Code, transmit to the Authority an application signed by its president and stating
(1)  that a by-law was passed to impose on the members of the order who carry on their professional activities within such a partnership or company the obligation to contribute to a professional liability insurance fund for the purposes specified in paragraph g of section 93 of that Code;
(2)   that the sums which will be payable by its members will be sufficient to provide for the financing of its insurance transactions and to maintain a surplus of assets over liabilities equal to or greater than the minimum amount required pursuant to section 275.
1987, c. 54, s. 2; 1994, c. 40, s. 457; 2001, c. 34, s. 12; 2002, c. 45, s. 243; 2004, c. 37, s. 90.
174.2. To obtain the Minister’s authorization, the professional order shall transmit to the Agency an application signed by its president and stating
(1)  that a by-law was passed to impose on its members, certain classes of them and, where applicable, those who carry on their professional activities within a partnership or company in accordance with section 187.11 of the Professional Code (chapter C‐26) the obligation to contribute to a professional liability insurance fund;
(2)  that it has passed a resolution for the creation of such an insurance fund;
(3)  that the sums which will be payable by its members will be sufficient to provide for the financing of its insurance transactions and to maintain a surplus of assets over liabilities equal to or greater than the minimum amount required pursuant to section 275.
However, if the professional order is already authorized to insure its members in respect of professional liability, the order shall, before it may provide liability insurance to a partnership or company within which members of the order are authorized to carry on their professional activities in accordance with section 187.11 of the Professional Code, transmit to the Agency an application signed by its president and stating
(1)  that a by-law was passed to impose on the members of the order who carry on their professional activities within such a partnership or company the obligation to contribute to a professional liability insurance fund for the purposes specified in paragraph g of section 93 of that Code;
(2)   that the sums which will be payable by its members will be sufficient to provide for the financing of its insurance transactions and to maintain a surplus of assets over liabilities equal to or greater than the minimum amount required pursuant to section 275.
1987, c. 54, s. 2; 1994, c. 40, s. 457; 2001, c. 34, s. 12; 2002, c. 45, s. 243.
174.2. To obtain the Minister’s authorization, the professional order shall transmit to the Inspector General an application signed by its president and stating
(1)  that a by-law was passed to impose on its members, certain classes of them and, where applicable, those who carry on their professional activities within a partnership or company in accordance with section 187.11 of the Professional Code (chapter C-26) the obligation to contribute to a professional liability insurance fund ;
(2)  that it has passed a resolution for the creation of such an insurance fund;
(3)  that the sums which will be payable by its members will be sufficient to provide for the financing of its insurance transactions and to maintain a surplus of assets over liabilities equal to or greater than the minimum amount required pursuant to section 275.
However, if the professional order is already authorized to insure its members in respect of professional liability, the order shall, before it may provide liability insurance to a partnership or company within which members of the order are authorized to carry on their professional activities in accordance with section 187.11 of the Professional Code, transmit to the Inspector General an application signed by its president and stating
(1)  that a by-law was passed to impose on the members of the order who carry on their professional activities within such a partnership or company the obligation to contribute to a professional liability insurance fund for the purposes specified in paragraph g of section 93 of that Code ;
(2)   that the sums which will be payable by its members will be sufficient to provide for the financing of its insurance transactions and to maintain a surplus of assets over liabilities equal to or greater than the minimum amount required pursuant to section 275.
1987, c. 54, s. 2; 1994, c. 40, s. 457; 2001, c. 34, s. 12.
174.2. To obtain the Minister’s authorization, the professional order shall transmit to the Inspector General an application signed by its president and stating
(1)  that a by-law was passed to impose on its members, or certain classes of them, the obligation to contribute to a professional liability insurance fund;
(2)  that it has passed a resolution for the creation of such an insurance fund;
(3)  that the sums which will be payable by its members will be sufficient to provide for the financing of its insurance transactions and to maintain a surplus of assets over liabilities equal to or greater than the minimum amount required pursuant to section 275.
1987, c. 54, s. 2; 1994, c. 40, s. 457.
174.2. To obtain the Minister’s authorization, the professional corporation shall transmit to the Inspector General an application signed by its president and stating
(1)  that a by-law was passed to impose on its members, or certain classes of them, the obligation to contribute to a professional liability insurance fund;
(2)  that it has passed a resolution for the creation of such an insurance fund;
(3)  that the sums which will be payable by its members will be sufficient to provide for the financing of its insurance transactions and to maintain a surplus of assets over liabilities equal to or greater than the minimum amount required pursuant to section 275.
1987, c. 54, s. 2.
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