A-32 - Act respecting insurance

Section 178 Disposition versions

1985-09-11

178. Mutual insurance associations may amalgamate. The same applies to mutual damage-insurance companies.

1974, c. 70, s. 178; 1985, c. 17, s. 21.

1977-12-31

178. The following may amalgamate with a mutual fire insurance association incorporated under this act:

(a)  any other association so incorporated;

(b)  any mutual fire insurance company, in the counties, incorporated under Division II of the Insurance Act (Revised Statutes, 1964, chapter 295) replaced by chapter 70 of the statutes of 1974;

(c)  any mutual company of insurance against fire, lightning or wind formed by a municipal council and incorporated under Division VI of the said Insurance Act;

(d)  any mutual company of insurance against fire, lightning and wind formed by individuals in a parish or a local municipality and incorporated under Division VII of the said Insurance Act.

Several mutual companies contemplated in subparagraphs b, c and d may also amalgamate if they are converted at the same time into a mutual fire insurance association incorporated under this act.

1974, c. 70, s. 178.