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A-32 - Act respecting insurance

Section 179
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179. A mutual insurance association may, with the authorization of its federation and of the Minister, be converted into a mutual damage-insurance company.
The company resulting from the conversion may be converted into a capital stock company transacting damage insurance.
Before granting an authorization referred to under this section, the Minister shall obtain the advice of the Authority.
1974, c. 70, s. 179; 1985, c. 17, s. 21; 2002, c. 70, s. 67; 2004, c. 37, s. 90.
179. A mutual insurance association may, with the authorization of its federation and of the Minister, be converted into a mutual damage-insurance company.
The company resulting from the conversion may be converted into a capital stock company transacting damage insurance.
Before granting an authorization referred to under this section, the Minister shall obtain the advice of the Agency.
1974, c. 70, s. 179; 1985, c. 17, s. 21; 2002, c. 70, s. 67.
179. Mutual insurance associations may be converted into mutual damage-insurance companies and conversely.
1974, c. 70, s. 179; 1985, c. 17, s. 21.
179. Every company contemplated in subparagraphs b, c and d of section 178 may also be converted into a mutual fire insurance association governed by this act.
1974, c. 70, s. 179.
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