201. Only the legal persons authorized for that purpose by law and holding licences issued by the Inspector General shall act as insurers in Québec.
Lloyd’s may obtain such a licence; this Act applies to them with the necessary modifications as if they were constituted as an insurance company. The same applies to insurers issuing reciprocal insurance contracts who are constituted under laws other than those of Québec.
1974, c. 70, s. 201; 1982, c. 52, s. 80; 1996, c. 63, s. 80; 1999, c. 40, s. 33.