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A-32 - Act respecting insurance
Section 235
Disposition versions
235. (Repealed).
235. The Minister of Finance shall be entrusted with the custody of the deposit which he shall use to compensate insured persons for losses sustained by them through the insurer’s failure to pay amounts he owed them.
However, interest on the deposit shall remain payable to the insurer or credited to his account except when the deposit is seized or a distribution is made pursuant to a judgment rendered on a motion by the Inspector General in accordance with section 239.
235. The Minister of Finance shall be entrusted with the custody of the deposit which he shall use to compensate insured persons for losses sustained by them through the insurer’s failure to pay amounts he owed them.
However, interest on the deposit shall remain payable to the insurer or credited to his account except when the deposit is seized or a distribution is made pursuant to a judgment rendered on a motion by the Superintendent in accordance with section 239.
